“Cost of Flipping Crisis”: Pancake Day soars by almost double rate of inflation
EMBARGO: Immediate release
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The total cost of items traditionally used on Pancake Day has risen by 7%, almost double the rate of inflation
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The price of self raising flour rose by 13% and the cost of sugar has soared by a fifth over the last year
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Lib Dems slam the Conservative government for economic growth being “flatter than a pancake” on their watch
The Liberal Democrats have slammed the Conservative government for pushing Britain into a “cost of flipping” crisis as the country prepares for Pancake Day.
ONS figures, analysed by the Liberal Democrats, reveal that the cost of common ingredients for Pancake Day have soared by 7% in just one year, almost twice the rate of inflation.
As families across the UK celebrate Pancake Day, many will be shocked by the prices of ingredients in local shops. The total cost of ingredients commonly used to make pancakes or to use as toppings has risen by 7% in comparison to last year’s prices. That is close to double the rate of inflation.
Families looking to use the popular topping of lemon and sugar will see that prices have soared. Granulated white sugar has risen by 21% to £1.18 and lemons have gone up by 6%.
Wera Hobhouse, Liberal Democrat MP for Bath, commented:
“The soaring cost of ingredients and popular toppings are creating a cost of flipping crisis this pancake day.
“It is very much out of the frying pan and into the fire for families across the country.
“Economic growth under this Conservative government is flatter than a pancake. They are out of touch, out of ideas, and should be kicked out of office.”
ENDS
Notes to Editors:
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Below is a table outlining the ingredients for Pancake Day used for the 7% figure. All of the figures are obtained from the ONS.The 7% figure refers to the average inflationary increase of a range of ingredients used to make pancakes and their toppings.
Name (weight or size) | Average price | Price last year | Annual growth |
Granulated white sugar per kg | £1.18 | £0.98 | 21% |
Bananas per kg | £1.09 | £0.94 | 16% |
Self-raising flour 1.5kg | £0.85 | £0.76 | 13% |
Milk chocolate bar | £0.85 | £0.77 | 11% |
Blueberries per kg | £12.69 | £11.58 | 10% |
Raspberries per kg | £14.11 | £13.07 | 8% |
Eggs per dozen | £3.27 | £3.07 | 7% |
Non-dairy milk drink 900ml-1 litre | £1.86 | £1.73 | 7% |
Lemon each | £0.33 | £0.31 | 6% |
Butter 250g | £2.14 | £2.26 | −5% |
Semi skimmed milk 2 pints | £1.24 | £1.33 | −7% |
Honey 340-454g | £2.15 | £2.20 | −2% |
