Fruit and veg traders on East Street Market, Walworth are seeing costs soar as inflation, rising energy prices, and war in Ukraine coincide to hit local business. Walworth’s fresh produce traders say some items’ prices have tripled in three weeks, with wholesalers passing the escalating financial burden onto them.
Rising energy prices, caused by a post-Covid industrial activity surge, and the Ukraine war, have seen food industry bosses warn food prices could rise 15 per cent this year. Strikes by Spanish truckers over crippling fuel costs have also been blamed for supply chains disruptions.
Muhammad Mobaeeri, who has traded for 25 years, remains optimistic: “Prices were going up but they’re coming back down now. Everything is coming down.” He said customers didn’t complain when they prices went up because “that’s the way of the market”.