235: What rising inflation means for the food industry

<div>Rising <a href="https://foodmatterslive.com/discover/article/uk-food-price-inflation-reaches-highest-rate-in-nearly-a-decade/">inflation</a> is hanging over every household and business in the country. In January 2022, overall prices were rising at around 5 per cent, with food a key contributor.<br> <br> </div> <div>So <a href="https://foodmatterslive.com/discover/article/consumers-stop-buying-products-once-the-price-goes-up-by-40-says-survey/">how will rising prices affect the food industry?<br> </a><br> </div> <div>In this episode of the Table Talk podcast, Stefan Gates is joined by two experts in this field.<br> <br> </div> <div>Tim Lloyd is Professor of Economics at Bournemouth University, Fraser McKevitt, is Head of Retail and Consumer Insight at Kantar.<br> <br> </div> <div>They look at how today's rate of inflation compares to recent - and not so recent - history, <a href="https://foodmatterslive.com/discover/article/how-the-russia-ukraine-war-will-impact-global-food-security/">the factors that are driving prices up around the world</a>, and they discuss who is likely to be worst-affected.<br> <br> </div> <div>Will supermarkets keep prices down to protect their market share? Will that lead to even more pressure on suppliers? And what can companies and individuals do to mitigate against the worst effects?<br> <br> </div> <div> <strong>Tim Lloyd, Professor of Economics, </strong><a href="https://www.bournemouth.ac.uk/"><strong>Bournemouth University<br> </strong></a><br> </div> <div>Tim Lloyd is Professor of Economics in the Business School. He was appointed in July 2015 having previously been Associate Professor in the School of Economics at the University of Nottingham. <br> <br> </div> <div>Professor Lloyd’s research interests lie in the fields of agricultural and food economics, particularly pricing, diet and health and competition in the food industry. <br> <br> </div> <div>Recent work, funded by both the European Commission and the UK’s Department of Environment, Food and Rural Affairs (D