Will food prices go up because of the European heatwave?

Ryan US 📗 Student 👁 4 ⚑ Report News & Events

Europe's been absolutely roasting and it's destroyed something like €2 billion worth of crops. That's... a lot of lost food. So naturally people are worried about what this means for grocery bills and food availability in the coming months. Especially with the way prices have been lately.

1 answer

Yeah, crop losses that big definitely ripple through supply chains pretty quick. You'll probably see prices tick up on produce especially - anything grown in the affected regions. How much depends on whether other areas can pick up the slack and how much of Europe's food gets imported versus locally sourced where you live. It won't be overnight, but groceries are likely going to feel it over the next few months.

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