'Previously, if egg production in the UK is lower, more eggs can be easily imported from another EU country, stabilising prices. This is no longer true' How Brexit is helping inflation soar 🔎 Analysis from AlannahFrancis1 and SerinaSandhu1
Since then, prices have rapidly ratcheted up with little respite, double-digitis now the norm, and supermarket baskets are the frontline in a continuous war on our wallets and purses.
So how did we get here? April 2021 marks a real dividing line. In the previous 12 pandemic-blighted months the headline Consumer Prices Index measure of inflation went no higher than 1 per cent. “In fact, such a crisis would switch spending towards basic necessities and increase demand for such goods even more. Strong demand enables producers to pass the increase in costs to consumers.”
Energy prices, electricity in particular, was a significant factor pushing up the cost of production, says Mr Brown. Energy used to cost £30,000 a year two years ago, but now his bills have hit an eyewatering £120,000 a year. Bluebell’s artisan ice cream produced using milk from the farm’s cows, giving owner Oliver Brown greater control over its cost
Andrew Opie, director of food and sustainability at the British Retail Consortium, says: “The war in Ukraine is putting further pressure on global supply, particularly for animal feed, leading to higher prices for many dairy items. Despite these challenges, retailers are determined to support their customers with the cost of living, such as by expanding value ranges and introducing discounts for vulnerable groups.
Dr Alexander says: “There have been some reports in some locations about positive harvest and in others not so positive, but the reality is we’ll just have to wait and see.”The cost of fertiliser for pasture and for the maize and wheat eaten by cattle is one of the factors that have pushed up the price of cheese and curd by nearly 35 per cent in the last year.
“I don’t think in the very short term, months, we’re going to see that inflation dipping greatly, I think we’ll see high food prices for at least a few months. Perhaps in the slightly medium term, next year, I would hope that will have all fed through the system and we will return to something like normality, in fact commodity prices might continue to come down to something like they were in 2021, hopefully.
Feed costs have risen by 40 per cent and energy by 60 per cent “all in light of the Russian invasion of Ukraine”, says Robert Gooch, CEO of the British Free Range Egg Producers Association
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