OFFICIAL: Food price inflation is higher in the EU than in Brexit Britain

Latest data from OECD shows enormous food price rises across Europe

Montage © Facts4EU.Org 2022

Facts4EU.Org’s research shows how food prices are soaring in parts of the EU

This week the OECD released its figures for inflation for the month of October. When it comes to food prices – which affect us all – Brexit Britain continues to beat the EU27.

The OECD’s data showed massive increases in food prices in some EU countries, even greater increases in other European countries, and they showed that Brexit Britain has LOWER food price inflation than the EU27 average.

Brexit Facts4EU.Org Summary

Food price inflation in Europe, October 2022

It’s worse in the EU

  • EU27 : 17.3%
  • UK : 16.4%

[Source: Latest OECD official data, released 06 Dec 2022.]

© Brexit Facts4EU.Org 2022 - click to enlarge

The Top 10 highest food inflation rates are in the EU, NOT in the UK

  • Hungary : 42.9%
  • Lithuania : 33.7%
  • Latvia : 29.5%
  • Estonia : 28.0%
  • Slovak Republic : 26.0%
  • Czech Republic : 25.1%
  • OECD - Europe : 23.5%
  • Poland : 22.0%
  • Germany : 19.2%
  • Portugal : 18.6%
  • EU27 average : 17.3%
  • Slovenia : 17.2%
  • United Kingdom : 16.4%

[Source: Latest OECD official data, released 06 Dec 2022.]

© Brexit Facts4EU.Org 2022 - click to enlarge

The ONS and British Retail Consortium put UK food price inflation even lower than the OECD

It should be noted that measures of inflation by different organisations vary.

Whilst the OECD says UK food price inflation in October was 16.4%, the Office for National Statistics puts it at 16.2%. The British Retail Consortium put it at 13.3%.

Food price inflation in the run-up to Christmas

The increasing price of food is a topic which has come up many times on the BBC, Sky News, and ITN in recent weeks. Typically we are shown interviews with managers of UK food banks, telling us how many more customers they now have.

We could not find one BBC report in November or December on food prices which mentioned that the UK is suffering less than the EU. Below is a typical BBC headline from November.

© BBC 2022

In the data summary above we have shown the raw facts released by the (pro-EU and Paris-based) OECD this week, showing what it says are the actual rises in food costs across the EU. The precise percentages might be disputed, but the comparison using this one methodology clearly shows the UK consumer doing better than the average EU consumer.

Observations

Food price inflation has been caused by several factors, from the Bank of England’s policies, to the government’s Covid policies, to Putin’s illegal invasion of Ukraine.

What we have shown above is what you won’t see on the BBC, Sky News, or ITN. The picture is actually worse in other countries, with food price inflation now running at 23.5% in Europe, compared to 16.4% in Brexit Britain. Even if we confine ourselves to looking at the EU27, their average rate is higher than that in the UK, at 17.3%. In the EU's official candidate country, Turkey, it's now running at an out-of-control 99%.

For food prices to go up in the UK is of course worrying for a great many people. The fact that they are not going up in the UK as much as they are in the EU may not be much solace.

All we can say is that it could be worse. We could still be in the EU….

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[ Sources: OECD | BRC | ONS ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Sat 10 Dec 2022

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