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Inflation: how financial speculation is making the global food price crisis worse

By Sophie van Huellen, Lecturer in Development Economics, University of Manchester

UK households, like those in many other countries, are struggling to make ends meet. More than half of households have only £2.66 per week left after paying for bills and essentials, according to figures from the supermarket chain Asda.

The extreme spikes in the cost of energy and food that we have seen this year are mostly to blame for this shift. Basic grocery prices have increased by 17%…

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