The price of food is fast becoming the latest scare story from remain, the sad fact is that food is too cheap in this country, the population’s households spend a significantly lesser amount of their income on food than do those in many other countries. UK food expenditure rates 4th or 5th in the ranking of household expenditure behind categories which include the purchase of cars, culture, holidays and recreation. Historically in the late 1950s we spent between 27 & 33% of our income on food, now it is between 12 & 16%. Probably the most significant factors relating to our current food spending are the amount of food which is wasted or bought uneconomically eg: processed/prepared or by brand name.
I am well aware of the argument about food banks, this however is more to do with the distribution of wealth and disposable income than the price of food.