According to a recent release, inflation in food prices in the U.K. attained 19 percent in April but declining to 17 percent in May.  This compares with the May U.S. value of 6.7 percent on an annual basis with a concurrent CPI of four percent.

Predictably inflation is the most important political issue in the U.K. with Prime Minister Rishi Sunak experiencing difficulty in fulfilling his pledge to reduce inflation by half in 2023.  Although the price of milk, bread and cooking oil were lower during May, proteins, sugar, coffee and rice are still persistently high, influenced by transport costs for imported products and energy.

Previously EGG-NEWS has commented on the fact that a number of egg producers, especially in the free-range segment, have ceased operation.  Supermarkets have had to make supplementary one-time payments to induce producers to restock farms and restore the supply of eggs.