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UK households to pay £407 more for his or her food shop this 12 months, experts warn | Personal Finance | Finance

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The typical household would have been in a position to buy almost one and a half months’ value of food for £407 a 12 months ago when food prices were significantly lower, the Energy and Climate Intelligence Unit (ECIU) said.

Matt Williams, climate and land programme lead on the ECIU, said: “Imagine taking six trolleys of weekly shops through the checkout.

“That’s how much extra households are paying for food this 12 months on account of gas prices and climate change.

“Like families, the farmers who grow our food are being put under pressure by drought, and by the high cost of fertilisers that are made using gas.”

The rising cost of gas due to the war in Ukraine has pushed up the value of fertilisers for farmers and of energy throughout the food supply chain.

Meanwhile, extreme weather like heat or floods have devastated crops globally and caused food prices to rise.

Nicky Amos, of the National Federation of Women’s Institutes, said: “Even though it may not say climate change on the till receipt, it’s definitely showing up on our shopping bills.

“Buying more wonky veg is a step we are able to take to chop waste, eat more healthily, and reduce our shopping bills. We all know the general public are willing to play their part, so we want supermarkets to assist by relaxing their produce appearance standards to stock more wonky fruit and veg.”

The ECIU said that of the £407 food bill increase, £170 is due to climate change and £236 is on account of the fee of oil and gas.

Climate change and oil and gas prices have driven up average UK household food bills by a complete of £11.4 billion, the report showed.

These two aspects could account for as much as 88 per cent of overall food price inflation, researchers said.

Professor Corinna Hawkes, director of the Centre for Food Policy, at City, University of London, said: “This essential piece of research is one in every of the primary times we’ve got seen how essential climate change is in influencing food prices.

“Climate change just isn’t a distant threat, but affects the cash all of us have in our pockets daily. We cannot isolate cause and effect. We now have to grasp the total range of things that influence food prices to be able to understand what to do about them.”

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