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CoLC - Food / non-alcohol inflation


Small image showing the CPI [Consumer Prices Index] for food & non-alcoholic drinks changes between 2010 and 2024 for both the UK and the post-brexit 27 nations still in the European Union.
There's a rise between late 2021 and mid-2023, after which it levels off to about the same rate as in 2016-2019.
I suspect there are several causes, mostly as a response to happenings in the rest of the world.
I would list i) the covid pandemic ii) brexit - UK's inflation has been less in absolute terms, but has still followed a similar profile iii) climate change induced supply difficulties and iv) Putin's ru55ian led and illegal invasion of Ukraine. These have had differing levels of influence over this post 2019 period.
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Not my Image : fair use &b public education
There's a rise between late 2021 and mid-2023, after which it levels off to about the same rate as in 2016-2019.
I suspect there are several causes, mostly as a response to happenings in the rest of the world.
I would list i) the covid pandemic ii) brexit - UK's inflation has been less in absolute terms, but has still followed a similar profile iii) climate change induced supply difficulties and iv) Putin's ru55ian led and illegal invasion of Ukraine. These have had differing levels of influence over this post 2019 period.
.
Not my Image : fair use &b public education
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