Brexit has been billed to the UK! Food prices increased by 25 percent

Brexit has cost an additional £7bn on UK household food bills.

According to a report by the London School of Economics (LSE) Center for Economic Performance, food prices rose 25 percent between December 2019 and March 2023.

Food inflation in the UK reached the highest level of the last 45 years with 19.2 percent in March, and decreased to 19.1 percent in April with a limited slowdown.

In the absence of Brexit, it was calculated that food inflation would be 30 percent lower.

While food prices had a similar trend with the European Union (EU) before Brexit, the increase in food prices that started after Brexit continued in 2023.

Post-Brexit trade barriers have cost UK households an additional £7bn since December 2019 for food products imported from the EU.

According to the data released today in the UK, annual inflation decreased less than expected to 8.7 percent in April, while food inflation continued to be high with 19.1 percent.

British Finance Minister Jeremy Hunt stated that food prices are still rising rapidly. “Food inflation is at an alarmingly high level.” had used the phrase. (AA)