We have the lowest food prices

[SirGalahad]

Cost of living insights - Office for National Statistics

The latest data and trends about the cost of living. Explore changes in the cost of food and how this is affecting people.

www.ons.gov.uk

Prices of food and non-alcoholic drinks rising at fastest rate in over 45 years​

The prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to March 2023.

The annual inflation rate in this category was 19.2%, up from 18.2% in the year to February 2023. Indicative modelled estimates suggest that the rate would have last been higher in August 1977, when it was estimated to be 21.9%.

The largest contributor to the rise in food inflation was bread and cereals, for which average prices rose by 19.4% in the year to March 2023.

Prices are also rising in restaurants and cafés, where the annual inflation rate was 10.4% in the year to March 2023, although that was down slightly from 11.4% in February 2023.

 

[Deleted member 18243]

Cost of lockdown. You can't complain if you took the money for two years and did no work.

 

[SirGalahad]

Cost of lockdown. You can't complain if you took the money for two years and did no work.

How has lockdown caused this?

 

[SirGalahad]

Cost of lockdown. You can't complain if you took the money for two years and did no work.

You really have let yourself go Andy.

 

[Vinty]

Cost of living insights - Office for National Statistics

The latest data and trends about the cost of living. Explore changes in the cost of food and how this is affecting people.

www.ons.gov.uk

Prices of food and non-alcoholic drinks rising at fastest rate in over 45 years​

The prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to March 2023.

The annual inflation rate in this category was 19.2%, up from 18.2% in the year to February 2023. Indicative modelled estimates suggest that the rate would have last been higher in August 1977, when it was estimated to be 21.9%.

The largest contributor to the rise in food inflation was bread and cereals, for which average prices rose by 19.4% in the year to March 2023.

Prices are also rising in restaurants and cafés, where the annual inflation rate was 10.4% in the year to March 2023, although that was down slightly from 11.4% in February 2023.

Inflation works both ways, in the short term prices go up but government debt is reduced in real terms.

 

[Doug99]

'bread and cereals'.......there is a war on

 

[Deleted member 18243]

How has lockdown caused this?

The only question here dogbreath should be "how hasn't lockdown caused inflation?"

The government abandoned all restraints on spending. Hundreds of billions went up in smoke, and everyone who goes to the shops now can see that the money in their accounts is shrinking visibly. Even the MSM - the likes of the Sun and Mirror - at the height of lockdown, told the plebs that there would be extreme price rises and Weimar style hyper-inflation.

 

[fillyboy]

Cost of living insights - Office for National Statistics

The latest data and trends about the cost of living. Explore changes in the cost of food and how this is affecting people.

www.ons.gov.uk

Prices of food and non-alcoholic drinks rising at fastest rate in over 45 years​

The prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to March 2023.

The annual inflation rate in this category was 19.2%, up from 18.2% in the year to February 2023. Indicative modelled estimates suggest that the rate would have last been higher in August 1977, when it was estimated to be 21.9%.

The largest contributor to the rise in food inflation was bread and cereals, for which average prices rose by 19.4% in the year to March 2023.

Prices are also rising in restaurants and cafés, where the annual inflation rate was 10.4% in the year to March 2023, although that was down slightly from 11.4% in February 2023.

Food inflation is everywhere, higher in the EU than the UK.

Hard to blame the war now as Poland block cheap Ukranian grain exports because of the market being flooded.

 

[SirGalahad]

Inflation works both ways, in the short term prices go up but government debt is reduced in real terms.

Food inflation is everywhere, higher in the EU than the UK.

Hard to blame the war now as Poland block cheap Ukranian grain exports because of the market being flooded.

Higher in the EU? Where you see that? On a Boris Bus?

https://commonslibrary.parliament.uk/research-briefings/sn02794/

UK inflation, as measured by the CPI, was 10.1% in the year to March, a decrease on February’s figure of 10.4%. Inflation has been over 10% for seven consecutive months and remains close to a 40-year high. UK inflation was 7.0% in March 2022.

EU inflation was 8.3% in March, down from 9.9% in February. In March 2022, EU inflation was 7.8%.



As to Government debt being reduced - what effect you think inflation has on the currency and those foreigners holding the currency.

 

[fillyboy]

Higher in the EU? Where you see that? On a Boris Bus?

Bear in mind we're talking food inflation prices rather general inflation.

OFFICIAL: Food price inflation is higher in the EU than in Brexit Britain

Latest data from OECD shows enormous food price rises across Europe

facts4eu.org

 

[Vinty]

inflation seems to be levelling off.
I bought a 1000 litres of home heating oil for the same price i paid for 500 litres about a year ago.
So things may start to get better unless the EU decides to start another war somewhere else.

 

[Vinty]

As to Government debt being reduced - what effect you think inflation has on the currency and those foreigners holding the currency

Bond holders may lose out but others may benefit.

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

www.ft.com

 

[Odds]

Record heat in southern Europe and chilly start to British growing season spell more misery for shoppers:

Shoppers have been warned they face more fruit and vegetable shortages, as temperatures in southern Spain soar to unprecedented levels while the UK growing season gets off to a late start because of cold, overcast weather.

Spain has been in drought since January last year and this is likely to be the hottest, driest April on record.

Meanwhile, British growers have also been facing weather challenges, particularly the cold start to the spring growing season and a lack of sunlight. Sainsbury’s has warned of further shortages this week. Its chief executive, Simon Roberts, said some problems with fresh produce, such as peppers and eggs, remained.

Many UK salad crop producers delayed planting fruit and vegetables because the cold weather made them even more reliant on energy for heating and lighting their glasshouses. Those who did plant crops including cucumbers, peppers, tomatoes and aubergines waited until late March to try to avoid soaring energy bills, according to Lee Stiles from the Lea Valley Growers Association.

The association’s members usually produce about three quarters of the UK’s domestic cucumbers (80m tonnes) and aubergines (100m tonnes), as well as 10% of UK-grown tomatoes. The National Farmers’ Union’s horticulture and potatoes adviser, Christine McDowell, said: “British growers continue to face significant cost increases, such as energy and labour, and many simply cannot afford to keep producing food with the current returns.”

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