Inflation: The FDF responds as food prices continue to climb
13 April 2022
The latest ONS inflation figures show a food and non-alcoholic drink price rise for last month of 5.9% - the largest since September 2011 - up from 5.1% in February.
Chief executive of the Food and Drink Federation Karen Betts said:
“Food price inflation is already at its highest level for over 10 years and the disruption in global markets means prices are likely to continue to climb in the months to come, which is particularly concerning for low-income households.
“Food and drink manufacturers are doing all they can to absorb rises in their ingredient, raw material and energy costs. But businesses must also remain viable and the reality of current inflation means that some price increases are having to be passed on.
“We continue to call on the government to conduct a robust review of regulation and to act where that's adding to price rises in shops without a like benefit to shoppers. There are a number of areas where this would help, including on plastics packaging where the UK's recycling infrastructure is lagging behind and new laws mean the costs of this are being passed to consumers instead of prompting necessary government investment.”
Insights: Food prices on the rise again
13 April 2022
Food and non-alcoholic beverages inflation accelerated in March, with prices rising by 5.9% year on year, up from 5.1% in February. This is the highest inflation rate since September 2011.Read more