Drought, reduced crop yields and higher fuel and energy costs could lead to further price increases at supermarket tills.
As farmers face drought and smaller crop yields, there are concerns food bills for families may rise by €1,000 a year.
A record-breaking summer of heat and dry conditions has seen drought causing issues for vegetable farmers, beef producers, grain growers, and dairy farmers.
UCC lecturer in accounting, Dr Oliver Browne, says this, alongside higher fuel and energy prices, will translate into higher prices for consumers at the tills.
It comes amid new figures released by the CSO today, saying prices rose by 3.4% in the year to July, the same rate of increase recorded in the 12 months to June.
Dr Browne outlines what he predicts will happen if the farming crisis is prolonged:
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