Oil Shock's Price Tag: Food Inflation to Hit 6.4% as Energy, Mortgages, and Business Costs Mount Ahead of Budget

6.4% — the peak food inflation rate the Food and Drink Federation now forecasts for July 2027, up from 4% by December, as Iran-war fuel costs eat through every link in the UK supply chain.

Money Moves

• FDF fires food security alarm — The UK's food manufacturing body says a £2bn hit from regulation in 2025, compounded by oil-driven supply chain inflation, could push food prices to 6.4% by mid-2027, urging ministers to cut red tape before it...