In the Midst of the Food Inflation Crisis, the Largest UK Supermarket Warns That “The Worst Is Yet to Come

"The Worst Is Yet to Come" on Food Inflation as the Cost-of-Living Crisis Pulverizes the Working Poor in "The Worst Is Yet to Come" on Food Inflation as the Cost-of-Living Crisis Pulverizes the Working Poor in "The Worst Is Yet to Come"

As the cost-of-living crisis pulverizes the working poor, Britain's leading grocery chain warns that "the worst is yet to come" in terms of food inflation.

Low-income people are having problems deciding between food and heat this winter, according to John Allan, chairman of Tesco Plc, who spoke to the BBC's Sunday Morning Live. Budgets are tight, and if widespread inflation does not subside, a "winter of discontent" will ensue.

"In some respects, the worst is yet to come, because, while Tesco's food price inflation was just 1% last quarter, we are also hit by growing energy prices. Rising energy prices have an impact on our suppliers. We're doing everything we can to compensate... but that's the kind of figure we're talking about. Of course, it's 5 p.m "recent," added Tesco's Allan.

Food and energy inflation, he said, will alter consumer spending habits, with people buying less luxury products and big-ticket things and eating out less. Households are facing one of the most dramatic increases in yearly energy prices in years as a result of food inflation.

"It concerns us, and I'm sure it concerns many others," he continued, "that individuals may have to choose between heating their houses and feeding their family." "And that's definitely not something any of us should put up with."

For our overseas readers' benefit, Tesco controls around 28% of the UK food market. So, when Allan says that the worst of the food inflation is still to come, it's cause for alarm that price spikes might go far into the spring. The socioeconomic consequences of excessive inflation are largely unclear.

Global food prices are reaching decade highs, with further records likely to be set by spring.

Inflation reached its highest level in three decades in December, putting enormous pressure on the Bank of England (BoE) to raise key interest rates in order to combat inflationary tendencies. The Bank of England boosted interest rates to 50 basis points for the second time in three months. Rate traders expect additional raises are on the way, based on implied rates.

While the Bank of England seeks to ease the suffering of already-struggling individuals, particularly low-income households, rising interest rates are already causing volatility in fixed income markets, which is spreading to stocks. Investing in firms that can deal with price shocks might be a safe shelter for investors at this turbulent time.

The norm in America, FEMA food lines… Costco warns of toilet paper shortage, water Costco warned customers this week about a toilet paper shortage as the wholesale retailer is having challenging time stocking shelves due to supply chain disruptions, according to fox news. Costco told fox news via an email statement

Putin's Russia is planning an invasion of the United States and will seize all of our food supplies.

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By StevieRay Hansen | May 11, 2022 |

Pay no mind to that Bidenflation behind the drape!! President Joe Biden tweeted Wednesday that supermarket shelves are well stocked across the country while grocers ration food. “For all those concerns a few weeks ago that there would not be ample food available for Thanksgiving, families can rest easy today,” Biden claimed. “Grocery stores are well-stocked with turkey and everything else you need,” the president added. Meanwhile, Publix Supermarkets, a Florida-based grocer, warned customers this week to expect food shortages in all 1,280 stores across the southeast. According to the Orlando Sentinel, the list of rationed foods include the following: Canned cranberry sauce Jarred gravy Canned pie filling Canola and vegetable oil Cream cheese Bacon Rolled breakfast sausage Paper napkins Disposable plates, cups and cutlery Bath tissue Refrigerated snacks (Lunchables-type items) Sports drinks Aseptic-type juices. If shelves are well stocked…

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Manslaughter by government decree. Pestilence Has arrived: Evidence is materializing indicates that the Covid variant poses a very real threat to patients who Have Already Been fully Vaccinated (Pestilence By Way Of Vaccine Kill Shot) Newsletter Support Orphans Support The 127.org One Orphan’s Story Editor’s Bio A Thrilling Ride! Every once in awhile, a book comes across your path that is impossible to put down. A Long Journey Home is not a casual book that you read in a week or earmark to complete at a later date. Once you begin, cancel your schedule, put your phone on silent, find a quiet place where you cannot be disturbed, and complete the journey. Click Here to Purchase on Amazon.com! Reach People Reach 250K / Month Featured Story Thousands Of Cops Deployed To Quell Public Anger In China’s Locked Down Xi’an Amid Widespread…

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Why Don’t You Understand — Satan Soldiers Are Going to Use Food as a Weapon, Food

By StevieRay Hansen | April 2, 2022 |

Lines Are Going to Be the Norm in America, Fema Food Lines… Costco Warns Of Toilet Paper Shortage, Water Costco warned customers this week about a toilet paper shortage as the wholesale retailer is having challenging time stocking shelves due to supply chain disruptions, according to Fox News.  Costco told Fox News via an email statement, “Due to increased volumes, you may see a slight delay in the processing of this order.” The retailer noted that the company is “working to fulfill everything as quickly as possible.”  Costco announced purchasing limits on some products but didn’t mention specific items, saying, “some warehouses may have temporary item limits on select items.”  Some shoppers have reported other items of Costco warehouses are either in short supply or there are purchase limits.  There wasn’t any bottle water packs or toilet paper at Costco today….sign of the times to…

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By StevieRay Hansen | April 1, 2022 |

Biden Is a Liar HNewsWire–“The Plandemic,” There’s nothing to see here… just the Leader of the Free World addressing at an emergency NATO meeting, making fairly casual-sounding remarks to expected major energy and food shortages… “It’ll be genuine,” Satan Soldier Biden stated during a press appearance in Brussels. “The cost of the sanctions is not just put on Russia. It is also enforced on a large number of nations, including European countries and our own.” According to Bloomberg, “Ukraine and Russia are both big producers of wheat, in particular, and Kyiv’s leadership has already warned that the conflict has seriously impacted the country’s sowing and harvest.” And Sean Davis of The Federalist succinctly outlines the situation… “We’re on the verge of huge energy and food shortages, and Biden’s answer is to restrict drilling and install costly and ineffective solar panels…

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