Shop prices may not hit their peak until next year, says the the Food and Drink Federation.
"Relentless" increases in the price of food may not hit their peak until next year, an industry group has warned.
"I think the peak could well be into next year and that prices could well rise some way above 10%," Ms Betts told the BBC.Other groups, such as the Institute of Grocery Distribution, which provides analysis to major grocers, predict that prices could rise by as much as 15% as household staples such as bread, meat, dairy, fruit and vegetables become more expensive.
"The manufacturers that I speak to are saying that at the moment all their input costs are rising, so that's everything from ingredients to raw materials, energy, labour and they can't see an end to that," she said. Meanwhile sanctions against Russia - a major oil and gas producer - have further pushed up global energy prices, hitting businesses and consumers alike.Ms Betts said there was "usually a seven-to-12 month time lag in the prices that food manufacturers pay before those price rises are felt on shop shelves".
One of the biggest concerns is that household energy bills are likely rise further in October, when the energy regulator Ofgem is expected to lift the cap on gas and electricity prices.
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