Economy
More food price hikes on the way, says grocery consultant
Strength of dollar blamed as costs of packaging and ingredients bought by companies from international markets rise
A fifth wave of food price inflation is likely to hit consumers over the coming months, a grocery market expert has warned. It comes after new figures released last week by Kantar, the grocery market consultancy firm, revealed that average food prices are more than 13 per cent higher than this time last year.
Malachy O’Connor, a partner at IPLC, a European grocery industry consulting firm, said food manufacturers were grappling with a raft of ...
