£600 rise in UK food bill emphasised by climate crisis

UK households’ food bills have been driven up by over £600 due to the global climate crisis and rapidly increasing energy prices over the past two years. Even with this steep rise, there is report of further increases to be expected in 2024.

The Energy and Climate Intelligence Unit (ECIU) stated that global warming was directly impacting the cost of living crisis.

The ECIU states that “combining the impact of energy costs and climate change across 2022 and 2023, these two factors have increased household food bills by an average of £605, with climate costs alone accounting for 60% of this increase, or £361 for each household.”, followed by the explanation that “energy markets are characterised by volatility driven by both political and economic events. Rising global temperatures also affect domestic and world agricultural markets, but also indirectly energy markets.”.

Source:

https://eciu.net/analysis/reports/2023/climate-fossil-fuels-and-uk-food-prices-2023