Today’s record prices don’t reflect the true cost of food – but there are alternatives to asking consumers to pay even more
The boss of a British supermarket has claimed that the “era of cheap food is over”. But what he calls cheap, many people still find expensive. Rising food costs have been one of the key drivers of soaring UK inflation over the last few years, and some products, like olive oil, have reached record prices. For the most deprived fifth of UK households, it is estimated that they would need to spend an 50% of their disposable income to eat a healthy diet. But whether or not you think food is too expensive or too cheap, the reality is that neither customers nor retailers are paying the true price of food. For what we eat now incurs signi...... Read Full article on HadNews