Food inflation in Ireland is currently surpassing general inflation rates, leading families to pay an extra €3,000 annually for groceries. Key staples such as butter, milk, beef, and cheese have seen significant price hikes. Recent figures indicate cattle farmer prices increased by 50 percent. Politicians have been criticized for their lack of understanding regarding food production costs, prompting calls for honesty about the end of inexpensive food. Agriculture Minister Martin Heydon mentioned that the surge in prices aligns with increased farming costs, a situation exacerbated over the past several years.
Food inflation is double the rate of general inflation, with many families being forced to stump up an additional €3,000 a year due to the rise in grocery prices.
The ICSMA said rising food prices are here to stay.
Politicians expressing shock about the rise in food prices are effectively admitting a profound ignorance about the costs they have 'built in' to the production of food.
The warning echoes sentiments of the Irish Farmers' Association (IFA), which said a recent survey by director of policy Tadhg Buckley showed costs had increased by nearly 75pc in the last seven years.
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