Research from the Institute for Fiscal Studies (IFS) highlights that poorer households are suffering more from food price inflation, paying 29.1% more for food from 2021 to 2023 compared to a 23.5% increase for wealthier households. This situation, termed 'cheapflation,' demonstrates that the most vulnerable populations are disproportionately affected by rising grocery costs, particularly during the ongoing cost-of-living crisis.
The rise in food prices has been attributed to various factors, including post-pandemic supply chain disruptions and the impact of the Russian invasion of Ukraine. These events have increased energy prices significantly, with overall food and drink inflation soaring to 28.4% since September 2021. The research outlines a concerning trend where basic grocery items are escalating in price far beyond other consumer goods.
[
Collection
]
[
|
...
]