Food Prices up by 5%
Four family favourite recipes have risen in cost on average by 5% from mid-January to mid-May this year. Our research is based on Caring Cooks recipes for chicken pie, cottage pie, flapjacks and fruit crumble with ingredients being purchased from Coop, Food Hall, Iceland, Tesco-Alliance and Waitrose.
At a glance, you can see that although Iceland offers the 4 recipes at the lowest cost, their prices have risen by a hefty 10.7% over our initial 5 months of price watching.
Interestingly Waitrose is the second most expensive of our five supermarkets for the recipes but their overall price has dropped by -0.25%.
In isolation food cost rise may not be a show stopper but let’s add in energy costs; http://www.jerseyfuelwatch.com/oil shows that home heating oil has risen by 18% for the same period, petrol by 6%, electricity costs have just risen by 2% and gas 1.9%
Our price checker experienced a few difficulties and faced the stark frustrations on each collection day of essential items being out of stock, available packet sizes varying and confused pricing (with one product having 3 different prices in one store)
All resulting in additional visits for us, but for shoppers with limited time and budgets last minute substitutions and unwanted cost implications. Which is stressful and all too often financially unmanageable.
The simple potato caused us a headache as the bags vary between 2.5kgs and 1.5kgs – be diligent when it comes to sizes and costings. The simple mixed herb was startling with a branded refill product costing 18p per gram and own label 6p per gram. Leeks one month £1.49 for 500 grams and the next month £1.57 for 400 grams allegedly including 25% extra free!
Therefore, be substitution ready, sometimes bulk up your cooking with cheaper ingredients and use less meat, and make use of offers as long as they are labelled correctly when they come along.