Food inflation is expected to reach almost 4% by Christmas, and peak at 6.4% in July next year, as pressures from conflict and extreme weather reach supermarket shelves, the industry has warned.
The Food and Drink Federation (FDF) acknowledged that its figure was significantly lower than the 9% it predicted in April for the end of the year, but warned inflation was set to remain significantly above historical averages for the second half of next year rather than dissipate.
