‘Climateflation’ could push up UK food prices by more than a third by 2050, report says

A dried out field in a heatwave. Price rises for food items risk pushing almost 1m people into poverty, the report says. Photograph: Simon Annable/Alamy

Britain is at risk of a worsening “climateflation” crisis amid the fallout from increasingly extreme weather that could drive up food prices by more than a third by 2050.

Sounding the alarm over the financial impact for UK households, the Autonomy Institute thinktank said that climate-induced price increases for everyday food items risked pushing almost 1 million people into poverty without urgent government intervention.