Where are we on the reduction of food inflation?

On the 14th of February the Office for National Statistics (ONS) announced that the overall annual inflation for January 2024 was still at 4 per cent, as in December 2023. However, it was also announced that the food inflation figure for January represented the first monthly fall in food prices since 2021 (BBC, 2024). This is very good news as food has been one of the leading sectors contributing to the higher-to-the-target overall price inflation.

Dr Gary Polhill

Gary is a Human-Natural Systems research scientist at the James Hutton Institute, and has worked on various international and interdisciplinary projects using agent-based modelling to study agricultural systems, lifestyles, and transitions to more sustainable ways of living.

Gary Polhill

James Hutton Institute

Craigiebuckler

Aberdeen

AB15 8QH

Dr Faical Akaichi

Faical is an applied economist at SRUC who specializes in consumer behaviour, demand analysis, consumer research methods and econometric modelling. His research helps answer many questions in economics such as food marketing, environmental economics, health economics, welfare economics and development economics. 

Faical Akaichi

Scotland’s Rural College
Peter Wilson Building, The King's Buildings
West Mains Road
Edinburgh
EH9 3JG