Putin up food prices, who is really to blame?

Pat McCormack, president of ICMSA, explains why war in Ukraine is only one small part in the story of food inflation. He talks to Ed Burke

One impact for Ireland sure to follow Russian Prime Minister Vladimir Putin's invasion of Ukraine is that farmers will be leaders among the sectors  making massive and unprecedented investment in new energy sources. 

A look back at the last decade’s price history of what we might consider the staples of Irish household’s food shops can tell us a great deal.

It is revealing in that it shows almost no price movements in the last decade. That would seem to be proof of food’s disconnection from any inflationary movement in wider Irish economy – certainly from income and property, the two customary barometers of inflation in the domestic context.