Bank of England warns of 'apocalyptic' global food shortage, May 16, 2022:"The Governor of the Bank of England has warned of “apocalyptic” global food price rises and said he is "helpless" in the face of surging inflation as the economy is battered by the war in Ukraine.

Andrew Bailey said he has “run out of horsemen” when counting the shocks facing Britain, with runaway energy and food costs driven by global market forces beyond his control.

Prices are rising at the fastest rate in 30 years, creating a "very big income shock" that is expected to intensify in coming months with a risk of double-digit inflation before the end of the year."

https://www.telegraph.co.uk/business/2022/05/16/bank-england-warns-apocalyptic-global-food-shortage/

#Inflation #FoodInflation #GreatBritain #PriceInflation #FoodShortage #Economy