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answer text |
<p> </p><p>As stated in the previous response to WA 314, the Organisation for Economic
Co-operation and Development (OECD) calculates the annual monetary value of gross
transfers from EU consumers arising from policies underpinning the Common Agricultural
Policy (CAP).</p><p> </p><p> </p><p> </p><p>The OECD estimates that EU consumers faced
higher food prices equivalent to approximately €16 billion in 2012. This equates to
4% of consumption expenditure on agricultural commodities (at farm gate prices), and
compares to an average 71% in the late 1980s.</p><p> </p><p> </p><p> </p><p>Agricultural
commodity prices are a key factor in determining food retail prices but other factors
are also important, such as energy prices and exchange rates. Therefore the impact
of CAP on consumers' weekly cost of food will be less than the 4% figure reported
above.</p><p> </p><p> </p><p> </p><p>There is no agreed OECD methodology to disaggregate
estimates to individual EU member states, so these figures are not available at the
UK level.</p><p> </p>
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