Do you really know? Is excuseflation contributing to rising food prices?
It won’t have escaped your attention that the price of your weekly shopping basket at the supermarket has gone up significantly in the last year. Indeed, recent data from Kantar suggests that families are now spending an extra £16 per week on food shopping, due to inflation. More and more people are being plunged into food insecurity. But what can be done?
Well, in late May 2023, UK Chancellor Jeremy Hunt warned that new rules could be brought in to force supermarkets to treat shoppers fairly. And Bank of England governor Andrew Bailey has previously said that interest rates will continue increasing if companies keep increasing food prices.
What is excuseflation? Can we say that inflation is fake ? Which companies are the worst culprits? In under 3 minutes, we answer your questions!
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A Bababam Originals podcast written and realised by Joseph Chance.
In partnership with upday UK.
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