Cost of food rises at fastest pace in over a decade

Global food prices have jumped at their fastest monthly rate in over a decade, according to the United Nations.

The UN uses a broad index of global food costs, which have also climbed for 12 months in a row.

Suppliers have been affected by disruptions to production, labour and transport during the pandemic.

Concerns are growing about broader inflation and how higher grocery bills will impact the world's economic recovery.

“The decline in eating out was not totally compensated with eating at home, but as people start to go to restaurants again, you will see food prices rise,” said Abdolreza Abbassian, senior economist at the FAO.

Earlier this week, the British Retail Consortium (BRC) warned UK consumers that they could face more expensive receipts in the autumn as costs climb.

“While prices are currently falling thanks to fierce competition between retailers, there are many cost pressures around the corner,” Helen Dickinson, BRC’s chief executive, said.