{"id":83184,"date":"2025-09-24T17:46:12","date_gmt":"2025-09-24T17:46:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/83184\/"},"modified":"2025-09-24T17:46:12","modified_gmt":"2025-09-24T17:46:12","slug":"food-price-inflation-shows-no-signs-of-abating-says-bank-of-ireland-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/83184\/","title":{"rendered":"Food price inflation \u2018shows no signs of abating\u2019, says Bank of Ireland \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall b-it-article-body__text--left\">Irish food price inflation is not \u201cshowing signs of abating\u201d in the near future, analysts from <a href=\"https:\/\/www.irishtimes.com\/tags\/bank-of-ireland\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/bank-of-ireland\">Bank of Ireland<\/a> have said, due to global factors including weather and supply chain disruption.<\/p>\n<p class=\"c-paragraph paywall \">In its latest outlook report for the food and beverage sector, the bank said the sector saw \u201crobust\u201d export growth in the first half of the year, totalling \u20ac9.4 billion, an increase of 15 per cent from the January to June period last year. <\/p>\n<p class=\"c-paragraph paywall \">Still, the industry is facing steep challenges, including a \u201chigh cost base\u201d and rising food and ingredient prices. <\/p>\n<p class=\"c-paragraph paywall b-it-article-body__text--left\">Food price <a href=\"https:\/\/www.irishtimes.com\/tags\/cost-of-living\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/cost-of-living\" target=\"_blank\">inflation <\/a>in Ireland rose to a 20-month high of 5 per cent in August, according to the Central Statistics Office\u2019s latest flash estimate for the harmonised index of consumer prices.<\/p>\n<p class=\"c-paragraph paywall \">Earlier this week, consumer data company Worldpanel by Numerator said that grocery prices rose by 6 per cent over the summer months, with the rate of increase now more than three times higher than the general rate of consumer price inflation within the economy.<\/p>\n<p class=\"c-paragraph paywall \">In Wednesday\u2019s report, Lucy Ryan, head of food and beverage at Bank of Ireland, said that food price inflation is unlikely to abate in the near future. <\/p>\n<p class=\"c-paragraph paywall \">\u201cFood Inflation and climate change are of concern, and whilst the food supply chain is carefully controlling the high cost-base, consumer food and beverage prices will remain high,\u201d she said. <\/p>\n<p class=\"c-paragraph paywall \">Despite a decline in cereals, dairy and sugar prices, a global index of food prices rose by 1.6 per cent between June and July, largely due to higher meat and oil prices, according to the report. <\/p>\n<p class=\"c-paragraph paywall \">Cocoa prices have moderated somewhat in recent months, but \u201cwith low global stock levels, it is likely cocoa prices will stay high\u201d. <\/p>\n<p class=\"c-paragraph paywall \">Global coffee prices, meanwhile, \u201chave risen significantly\u201d, Bank of Ireland said. <\/p>\n<p class=\"c-paragraph paywall \">\u201cAnticipated prices show high prices are likely to continue,\u201d Ms Ryan noted. \u201cThis is driven by yields affected by extreme weather, disrupted supply chains, tariffs affecting supply routes, and political instability.\u201d<\/p>\n<p class=\"c-paragraph paywall \">On a more positive note for Irish food exporters, Ms Ryan said the imposition of a 15 per cent tariff on EU goods imported into the US has \u201cbrought some level of certainty\u201d for the sector after months of speculation about US trade policy. <\/p>\n","protected":false},"excerpt":{"rendered":"Irish food price inflation is not \u201cshowing signs of abating\u201d in the near future, analysts from Bank of&hellip;\n","protected":false},"author":2,"featured_media":83185,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[625,79,2190,179,18,3276,19,17,1411],"class_list":{"0":"post-83184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bank-of-ireland","9":"tag-business","10":"tag-cost-of-living","11":"tag-economy","12":"tag-eire","13":"tag-food-production","14":"tag-ie","15":"tag-ireland","16":"tag-us-tariffs"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/83184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=83184"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/83184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/83185"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=83184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=83184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=83184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}