Food prices could surge above 8% as Iran conflict drives costs higher

British households could see food prices rise by more than eight per cent in the coming months if the conflict involving Iran continues to disrupt global energy markets, according to grocery industry analysts. The institute of grocery distribution said food inflation could more than double from its current level of 3. 6 per cent to exceed 8 per cent by June under a severe energy shock scenario. Its modelling also indicated that a more moderate disruption would push average food price increases