Britain’s inflation bloat

Food prices in the United Kingdom rose 4.2% in the year to August. Chocolate, coffee and butter prices have increased by almost a fifth over the past 12 months as bad weather makes for unreliable harvests, says Irina Anghel on Bloomberg. Some London restaurants have reportedly switched to using olive oil instead of pricier butter. Beef and veal prices surged an eye-watering 24% in the year to July, as food and energy costs eat into global herd sizes. In the UK, food prices rose 37% over the five...