Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by jbstack on Friday March 24, 2023 @12:24PM
(#35291396)
> Food is still cheap - it represents a small percentage of people's income.
If you look at it as an average for the population, sure. But that masks the real issue, which is that it hits poor people the hardest because spending on food doesn't scale proportionally with income.
There are currently competing narratives in the UK about food prices - greedy supermarkets v poor farmers and the same people complaining then say they shop at Aldi because it's cheaper.
Food is still cheap - it represents a small percentage of people's income. However, in the UK, we are beginning to see that food produced without the benefit of slave labour is somewhat less cheaper than it used to be.