Food inflation driving UK, US consumers to hoard for Christmas

London

GLOBAL food inflation is beginning to bite, so much so that consumers in the United Kingdom, the United States and elsewhere - fearful of shortages and future price hikes - have been snapping up everything from frozen turkeys to nuts and sweets several weeks before Christmas.

Key agricultural commodity prices are well above the levels seen at the end of 2019, just shortly before the start of the global Covid-19 pandemic.