On the 14th of February the Office for National Statistics (ONS) announced that the overall annual inflation for January 2024 was still at 4 per cent as in December 2023. However, it was also announced that the food inflation figure for January represented the first monthly fall in food prices…
Despite the slight decrease in April’s results (from 18.97 to 18.24 per cent), the ‘Food and Non-alcoholic Drinks’ inflation rates remain stubbornly high and they are still around the highest ones in over 45 years. Moreover, although the ‘All items’ inflation in April decreased somewhat for the…
The disruptions caused by the Covid-19 pandemic on food supply chains and the Russia invasion of Ukraine has implications for food prices in the UK. Food prices have continued to soar, especially for meat, eggs, and dairy, due to rising energy costs, costs of animal feed and transport. Figure 1…
