Food prices to rise by almost 10% due to Iran war, warns key industry body

"Food bills are set to soar as much as 10 per cent this year as a direct consequence of the Iran war, a key industry body has warned."

"The Food and Drink Federation (FDF) has hiked its inflation forecast for the year from 3.2 per cent to between and 10 per cent."

"During the 2022 cost of living crisis, food inflation rose at a rate of 10.9 per cent, while the following year was even worse at 14.6 per cent."

"The FDF said the current situation is unprecedented and hard to predict, but it's clear that food inflation is going to rise in the months ahead."

The Food and Drink Federation warns that food bills in the US could increase by as much as 10% this year, influenced by the Iran war. The inflation forecast has been raised from 3.2% to between 10% for 2026. Previous years saw food inflation rates of 10.9% in 2022 and 14.6% in 2023. Although inflation dropped to 2.7% in 2024 and 4.2% in 2025, the current situation is unprecedented and difficult to predict, indicating a significant rise in food costs ahead.

Read at www.independent.co.uk