Stats from CGA Prestige Foodservice Price Index show a clear rise in most wholesale foods
Stats from CGA Prestige Foodservice Price Index show a clear rise in most wholesale foods

How has Brexit hit the price of food?

1 September 2017

One year on, and the impact of Brexit is making itself clear across the food sector, with the wholesale market recording a year-on-year rise of 8.8% in June 2017, according to the CGA Prestige Foodservice Price Index (FPI)

The FPI tracks the monthly price of food items sold to UK restaurants and caterers – which are exposed to more inflationary pressures than some consumer-side sectors, says the report.

The first 12 months of the graph below from June 2015-16, depict the ebb and flow of prices including seasonal changes, benchmarked against the average price in 2015 for each category. (Click image to expand.)

CGA Prestige Foodservice price index 2015-17

The effect of Brexit in June 2016 is clear, pushing prices upwards. Given that 27% of UK food is imported from the EU, and only 54% is homegrown, according to Department for Environment, Food and Rural Affairs figures.

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