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176762
registered interest false more like this
date less than 2015-01-29more like thismore than 2015-01-29
answering body
Department for Environment, Food and Rural Affairs more like this
answering dept id 13 more like this
answering dept short name Environment, Food and Rural Affairs more like this
answering dept sort name Environment, Food and Rural Affairs more like this
hansard heading Food: Prices more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment she has made of (a) the comparative rate of food price inflation in (i) the UK, (ii) France and (iii) Germany between 2003 and 2015 and (b) the reasons for differences between those inflation rates in that period. more like this
tabling member constituency Esher and Walton more like this
tabling member printed
Mr Dominic Raab remove filter
uin 222657 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2015-02-04
answer text <p>According to Eurostat, between 2003 and 2014 food prices rose by 47% in the UK, 17% in France and 23% in Germany. This reflects how the key drivers (commodity prices, exchange rates and oil prices) impact on each market. Over the period the euro appreciated relative to the pound, lowering food inflation for Eurozone countries relative to the UK. In addition, the UK’s competitive domestic market transmits more of the changes in the key drivers to consumers, which can lead to higher inflation when commodity prices and oil prices rise, but keeps prices lower overall.</p><p> </p><p> </p><p> </p><p>Recent reductions in global commodity prices have been more fully transmitted into retail prices in the UK, at the same time as an appreciation of the pound relative to the euro. Food prices fell by 1.7% in the UK in 2014 compared to 0.6% and 0.8% in France and Germany respectively.</p><p> </p><p> </p><p> </p><p>Despite higher inflation in the UK over the period, according to Eurostat food prices in the UK in 2013 (in purchasing power parities) were 7% lower than both France and Germany.</p><p> </p>
answering member constituency Camborne and Redruth more like this
answering member printed George Eustice more like this
question first answered
less than 2015-02-04T16:27:24.243Zmore like thismore than 2015-02-04T16:27:24.243Z
answering member
3934
label Biography information for George Eustice more like this
previous answer version
42056
answering member constituency Camborne and Redruth remove filter
answering member printed George Eustice more like this
answering member
3934
label Biography information for George Eustice more like this
tabling member
4007
label Biography information for Dominic Raab more like this