Beyond sustainability limits, how the energy crisis is increasing prices for everything

In a report on this topic, Bloomberg noted that inflation in the United Kingdom is seen as 13 percent this year, with a third of households to spend over 10 percent of their energy income, Konica.al.

In continental Europe, things are not very different, as gas prices break record after record.

Whether it's roasting coffee or producing sugar from the panstry, companies are talking so far only about growing pre-”, Bloomberg told them. Kona Haque, head of research for the firm ED&F Man. I think the worst is yet to come as energy prices rise. This winter will change the game, and processing costs will likely increase. ”

“Now we are beyond the capacity limit for many industrial users and we can see recession alarms coming up soon,” said Rstad High analyst Energy Kausal Rames for FT two weeks ago in comments on the recent rise in the natural gas price after Russia lowered. flows through the Nord Stream gas pipeline 1 in 20 percent.

Indeed, Bloomberg's report notes that excessive energy prices are forcing some vegetable oil producers to shift their production outside Europe in search of lower energy costs.

It may also get worse for food prices if Europe should use power rationing in case of lack of natural gas and electricity in winter. According to Bloomberg's report, some food factories may have to be closed as governments give home energy safety priority.

The drop in food prices may be especially painful for the British, who were told this month by the water pipeline companies to switch from the shower to sweeping wet towels to save water.