04.04.2022, 15:45
In Britain, Food Prices Rose by Almost a Third Due to Higher Fuel Prices
Source: OREANDA-NEWS
OREANDA-NEWS. In the UK, groceries have on average risen in price by almost a third (30%) due to the constant rise in fuel prices. The Daily Mail writes about it.
In particular, fruits and vegetables rose in price by 30%, vegetable oil rose in price by 70%. The main reason is the rise in fuel prices: it disrupted the supply of agricultural products from Spain. Therefore, the shortage of these goods is reflected in prices in British stores, said the Daily Mail.
"Truck drivers in Spain have gone on strike over rising petrol prices, arguing that hauling goods has become unprofitable as trucking companies' revenues are shrinking," the publication said.
In addition, the crisis in Ukraine affected the British market. For example, Edible Oils, a vegetable oil producer, said that the vast majority (80%) of the world's oil supplies come from Russia and Ukraine.
Grocery expert Ged Futter warned that food inflation in the country will be above 15%, and the consequences of the crisis will lead to a sharp increase in prices.
On March 24, a SkyNews report spoke of skyrocketing prices, including for fuel, which leads to the fact that the inhabitants of the UK have to choose between buying food for children and paying for heating for the house.
In particular, fruits and vegetables rose in price by 30%, vegetable oil rose in price by 70%. The main reason is the rise in fuel prices: it disrupted the supply of agricultural products from Spain. Therefore, the shortage of these goods is reflected in prices in British stores, said the Daily Mail.
"Truck drivers in Spain have gone on strike over rising petrol prices, arguing that hauling goods has become unprofitable as trucking companies' revenues are shrinking," the publication said.
In addition, the crisis in Ukraine affected the British market. For example, Edible Oils, a vegetable oil producer, said that the vast majority (80%) of the world's oil supplies come from Russia and Ukraine.
Grocery expert Ged Futter warned that food inflation in the country will be above 15%, and the consequences of the crisis will lead to a sharp increase in prices.
On March 24, a SkyNews report spoke of skyrocketing prices, including for fuel, which leads to the fact that the inhabitants of the UK have to choose between buying food for children and paying for heating for the house.
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