All global signs point to era of rising food prices

Alan Healy, Munster Business Editor, analyses the current grocery marketplace, where costs are already soaring and likely to continue as we rush to meet climate change goals

As food and drink prices continue to climb alongside other financial pressures, 32% of shoppers in Ireland admit they are ‘struggling’ to make ends meet.

Prices are rising in almost every facet of Irish life and nowhere is that more noticeable than in your local supermarket.

Despite being one of the most competitive sectors of the Irish economy where rival chains battle each other for cheaper deals in an effort to secure more market share, the price of almost all goods has risen significantly with no immediate end in sight. At the same time, supermarket chains have been regularly picketed by farming groups demanding better prices for the food they produce.