Europe's Energy Crisis Spills Over Into Food

Excessively high energy prices in Europe are pushing up the prices of everything that energy is used for, including food—a trend that will likely feed further inflation. In a report on the topic, Bloomberg noted that the inflation in the UK is seen topping 13 percent this year, with a third of households having to spend over 10 percent of their income on energy. In continental Europe, things are not much different as gas prices break record after record. “Whether it’s roasting coffee or making sugar from beets, companies are so…