Why food prices are set to soar

Sarah Coles
distressed corn
distressed corn

Sue Ogrocki/AP/Press Association Images

If you thought the soaring cost of living couldn't get any worse, then think again - because the price of food is set to soar this year. Groceries have brought their fair share of pain already, as price inflation has hit everything in your shopping basket.

However, it seems that we haven't seen anything yet.