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Food inflation near 3-year low
Annual food and drink inflation slowed to 1.7% in May, the slowest annual rate since October 2021 and the 14th consecutive month of easing. On the month, prices fell by 0.3%, first monthly decline since January.
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Food and drink is the UK’s largest manufacturing sector, contributing £38 billion to the economy annually and employing over 475,000 people. We are a key part of the nation’s £162 billion ‘farm to fork’ food chain.
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Annual food and drink inflation slowed to 1.7% in May, the slowest annual rate since October 2021 and the 14th consecutive month of easing. On the month, prices fell by 0.3%, first monthly decline since January.
The prices dashboard tracks prices of UK food and non-alcoholic drink, as well as prices of agricultural commodities, energy, transportation and packaging.
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We publish timely analysis of developments within the wider economy and the food and drink industry, providing context about the economic events that shape our industry and views on potential future implications.
Our quarterly reports highlight the latest trends in business confidence and key policy priorities.
Our quarterly Trade Snapshots provide analysis of the latest trends in UK food and drink exports and imports.
National and regional analysis highlighting the importance and economic contribution of our industry.
A collection of some of the other economic research and annual data reports that we have published.
09 May 2022
The FDF’s newly released export regional report analyses trends for UK regional food and drink trade in 2021, with a focus on the four nations.
Read more20 July 2021
The report looks at the impact on industry and consumer food prices of seven different policies coming from either the sustainability or public health policy arenas.
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