UK food inflation ‘could hit 9% this year’ as Iran war drives up energy prices
Even if cargo route of strait of Hormuz reopens soon, Food and Drink Federation almost triples earlier forecast Business live – latest updates Food inflation could hit 9% in the UK this year, even if the strait of Hormuz opens within the next few weeks, figures suggest, as the war in Iran pushes up energy prices. The Food and Drink Federation (FDF), which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% the end of 2026, almost tripling a foreca
Food and Drink Federation almost triples forecast, even allowing for possibility of strait of Hormuz reopening soon
Business live – latest updates
Food inflation could hit 9% in the UK this year even if the strait of Hormuz opens within the next few weeks, figures suggest, as the Iran war pushes up energy prices.
The Food and Drink Federation (FDF), which represents 12,000 food and drink manufacturers, has predicted prices will rise by “at least” 9% by the end of 2026, almost tripling a forecast of 3.2% that was made before the Middle East conflict.
Coverage from 2 sources
- UK food inflation ‘could hit 9% this year’ as Iran war drives up energy pricesGuardian - World · Lauren Almeida, Sarah Butler and Joanna Partridge · Apr 1, 2026, 5:17 PM
- UK food inflation ‘could hit 9%’, trade body warns as Reeves meets retail chiefsGuardian - World · Lauren Almeida, Sarah Butler and Joanna Partridge · Apr 1, 2026, 6:02 PM
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