To ask the Secretary of State for Environment, Food and Rural Affairs, what change her Department expects in the level of food prices in the next six months.
Answered on
18 April 2017
The Department has published research on the main drivers of changes to food prices which have been observed to be food commodity prices, currency exchange rates and oil prices. It will be changes to any, or a combination of these factors, that will bring changes to prices.
ONS statistics on food prices are published each month as part of the Consumer Price Index. In the most recent statistics published on 11 April, food prices had increased by 1.3% in the year to March 2017 following almost three consecutive years where food prices fell. Exchange rates and energy costs have been the key drivers of these changes.