The Food and Drink Federation (FDF) warns that food inflation could rise to between 9% and 10% this year, urging the Government to act swiftly. Chief executive Karen Betts stated that the ongoing blockade of the Strait of Hormuz is exacerbating supply chain issues, leading to increased costs. Betts emphasised the need for urgent government support to prevent further price hikes and protect food manufacturers. The FDF also highlighted that UK firms are in a worse position than during the 2022 crisis, with household finances already strained. Betts said: “If we don’t get that support in as inflation starts to build, then it’s going to be too late.”
