Energy costs pushing Europeans into food poverty

Energy costs pushing Europeans into food poverty – Bloomberg ...News

Russia Today - Economy

Higher utility bills are forcing producers to pass increased costs on to consumers Food producers across Europe are contending with soaring energy prices, with that increase quickly felt in the pockets of consumers grappling with a cost-of-living crisis, Bloomberg reported on Tuesday. According to the report, citing a Bank of England forecast, a third of UK households are set to spend more than 10% of incomes on energy, and now surging grocery costs are driving up food poverty. “It is the domino effect that has happened with us having to take a huge increase on energy,” Ryan Peters, managing director of Brioche Pa

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