Companies

Food inflation will last throughout 2022 and 2023, Greencore boss warns

Chairman of the largest sandwich maker in Britain and Ireland says the firm is grappling with the third wave of cost inflation in less than a year and has no choice but to pass rising costs onto its customers

Gary Kennedy, chairman of Greencore: ‘Inflation recovery is not for the faint hearted.’ Picture: Kenneth O Halloran

The current spike in food prices will last throughout this year and next year, the head of one of the country’s largest food companies has warned.

Gary Kennedy, chairman of Greencore, which is the largest sandwich maker in Britain and Ireland, said the company was now seeing the third wave of inflation in less than a year, which was leading to higher consumer prices on the supermarket shelf.

“I’ve no doubt that inflation is going ...