UK food prices on track to rise by 50% since start of cost of living crisis

Beef and olive oil costs increase the most as climate and energy shocks drive inflation, research suggests

Food prices are on track to be 50% higher in November than at the start of the cost of living crisis in 2021, new research suggests.

Climate and energy shocks have driven an almost quadrupling of the pace of food price growth, according to new research from the thinktank Energy and Climate Intelligence Unit (ECIU), with costs rising in five years at about the same rate as they had over the previous two decades.