, increased production costs and staff shortages which have pushed up costs across the whole supply chain.”It revealed a ham sandwich has increased 24.6 per cent since March 2020, showing that most of the recent inflation is actually in the last year.
Looking further back, interactive investor also tracked the cost of the key ingredients in some of the nation’s most popular dishes since 1971 . A large cottage pie cost over £10 to make in 2013 compared with £8.23 now. Likewise, a home-made cheddar cheese sandwich cost around 55p in 2011 compared with 49p now.Researchers say individual ingredients give a more detailed picture of what’s been happening and what’s triggered price hikes.
interactive investor’s Ms Guy concludes: “Food inflation has been crazy over the last year, but it’s important to set this in context so that we don’t panic consumers. Although the yearly figures look high, taken over 10 years, food inflation is actually a lot more reasonable. “We would like to have included some more vegan meals using pulses, pasta, and rice in our research, but they are not currently tracked in the same way by the ONS. Switching to cheaper alternatives such as pulses and minced meat can be a good way to make your food budget stretch further.”
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