Inflation wave could hike food prices by 5%, economist warns
The prediction comes as Irish households face the biggest squeeze on disposable incomes in two decades
Food prices are likely to rise significantly in the months ahead, a leading economist has warned.
Michael Wallace, professor of agriculture and food economics at UCD, told the Business Post that inflation was starting to take hold in the food sector, and that it could hit 5 per cent later this year.
The prediction comes as Irish households face the biggest squeeze on disposable incomes in two decades. The majority of inflation in the economy ...
