The Food and Drink Federation responds to ONS inflation figures for December 2021
21 January 2022
Karen Betts, Chief Executive at the FDF, said:
“Today’s inflation shows food prices up by 4.5%, the highest rise in nearly ten years. Food producers have been hit hard by significant inflationary pressures, from rising ingredient and logistics costs to an increase in energy prices and labour issues, as firms compete for workers in a tight labour market.
Topics
Karen Betts, Chief Executive at the FDF, said:
“Today’s inflation shows food prices up by 4.5%, the highest rise in nearly ten years. Food producers have been hit hard by significant inflationary pressures, from rising ingredient and logistics costs to an increase in energy prices and labour issues, as firms compete for workers in a tight labour market.
“Producers continue to do what they can to avoid passing these costs on, but the increases in food prices reported today shows how hard that is in the current context. These rises will hit families hard, with the cost of oils & fats up 13.1%, vegetables up 6.0% and meat up 4.4%.
“Upcoming regulation is likely to compound this situation further, as set out in FDF’s Prices Report, making good collaboration between government and industry critical in the coming weeks and months."
For information, please contact press.office@fdf.org.uk 020 7836 2460.
News Article: Food price rises contribute to highest UK inflation in 25 years
19 January 2022
Inflation reached its highest level in 25 years, confirming that the squeeze on household budgets will remain strong in the months ahead. In December 2021, UK consumer prices were 5.4% higher than a year ago and 0.5% higher than in November.
Read more