Your home grocery store is ready to get even more expensive. here’s why

Seems like the price of almost everything is going up amid the cost of living crisis.

Walk into your local supermarket and your go-tos are already more expensive than two months ago. Order takeaway and expect to add at least £1 to the price of your favorite meal. (Even the price of swimming has gone up, just when we really need a dip to cool off).

This summer, we are really feeling the effects of the war between Ukraine and Russia, as both countries play a pivotal role in importing many goods to the rest of the world.

According to the Institute of Grocery Distribution (IGD), which provides analysis to major grocers, prices of basic necessities are expected to rise by 15%, a rise that is coming faster and lasting longer than even the Bank estimated. from England.

Which food products will be more expensive?

You can expect to pay more for bread, meat, dairy products, fruits and vegetables. This is mainly due to the war in Ukraine, the IGD said.

The reason these particular items are on the rise is because the two conflict-ridden countries are major global grain producers – together they account for almost a third of wheat exports.

This vital food is not only essential for making bread and related products, but also for feeding many farm animals, such as chicken and cattle.

Milk, cheese and sunflower oil will also be affected. With countries around the world jostling for the same resources, this adds further pressure on supply.

Why are these foodstuffs becoming more expensive?

The price of fuel and energy has skyrocketed, so agriculture – which is highly dependent on energy – is affected in its productive capacity. The cost of fertilizers has tripled since last year, making it more difficult to grow food.

Plastic packaging, made from oils, is also correspondingly more expensive, and Russia being a major exporter of aluminum foil and wood pulp, the cost of these packaging materials has also increased.

It is also a matter of logistics. Resources have to be transported, but with roads in Ukraine, not to mention warehouses and ports, damaged by attacks, supplies are harder to move. Again, oil prices have an impact on this supply chain.

Brexit has caused new tensions. While the UK gets 40% of its food from elsewhere, it’s not as high a priority for EU producers as other European countries at the moment.

What support is available in the event of cost increases?

The IGD said the UK was facing the most severe cost of living crisis since the 1970s and feared the most vulnerable could be badly hit.

As the cost of living crisis tightens, some Britons will be able to receive a lump sum from July to help cope

After repeated calls for more government intervention, the Treasury finally announced that it would lend a helping hand to those struggling the most.

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