Agriculture

Food prices may increase further this year, Bord Bia chief warns

Jim O’Toole, chief executive of the state’s food promotion agency, warned that food companies had yet to pass on all of the cost increases they were experiencing

Food prices have increased by an average of 12 per cent in the last year

Consumers could be faced with further food price inflation in the months ahead, the head of the state’s food promotion agency has warned.

Jim O’Toole, chief executive of Bord Bia, said food companies had not fully passed on all of the input price increases they had incurred over the past year and warned that consumers should be prepared for further food price inflation.

“Up to the end of October, the agricultural price index shows key ...