Energy and Climate Intelligence Unit (ECIU)

Food Prices Set to Rise 50% Since 2021 as Climate and Energy Shocks Quadruple Growth Rate

Food prices are on track to be 50% higher in November 2026 than at the start of the cost of living crisis in 2021, according to ECIU thinktank research. Climate and energy shocks have driven an almost quadrupling of food price growth, with costs rising in five years at roughly the same rate as the previous two decades. Staples including pasta, chocolate, eggs and beef are significantly more expensive, while household food bills rose by £605 over 2022-2023.