Food: Prices
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of her economic policies on inflation for food and drink.
Answered by Lucy Rigby
HM Treasury does not produce forecasts for the UK economy. Forecasting the economy, including the impact of Government policy decisions, is the responsibility of the independent Office for Budget Responsibility (OBR), which published its latest forecast on 26 March 2025. The OBR does not publish estimates of the impact of policy decisions on levels of food and drink inflation. The Chancellor has asked departments to prioritise reducing inflation when developing policies for the Autumn Budget, ensuring decisions support stability and long-term growth.
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