Food: Prices
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment her Department has made of the potential impact of recent increases in agricultural input costs on food price inflation over the next 12 months.
Answered by Stephen Morgan
Government is taking seriously the impacts of the Middle East Conflict on the UK’s food and farming sectors and monitoring the effects of the crisis as they emerge.
This Government is taking action to ease that pressure. We are aware that fertiliser prices have increased and are committed to keeping costs for farmers down.
DEFRA is working closely with retailers to prevent temporary increases becoming embedded in long-term food prices. The Chancellor announced the suspension of tariffs on a range of everyday food and drink items until 2028. This is expected to save consumers £100-£200 million a year.
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