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<p>The table below provides the annual agricultural price indices for 2014 to 2023,
along with the annual inflation rates for 2015 to 2023 (calculated as a year-on-year
percentage increase from the annual indices). Annual inflation rates are only available
from 2015 onwards on an equivalent basis, because it was only possible to backdate
the indices to 2014 when the agricultural price index was rebased to 2020 in 2023.</p><p>
</p><p>Table: Annual inflation rate for all agricultural outputs and all agricultural
inputs, 2015-2023.</p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2014</p></td><td><p>2015</p></td><td><p>2016</p></td><td><p>2017</p></td><td><p>2018</p></td><td><p>2019</p></td><td><p>2020</p></td><td><p>2021</p></td><td><p>2022</p></td><td><p>2023
(a)</p></td></tr><tr><td><p>All agricultural outputs price index (base = 2020)</p></td><td><p>95.1</p></td><td><p>86.5</p></td><td><p>85.4</p></td><td><p>94.5</p></td><td><p>97.4</p></td><td><p>96.5</p></td><td><p>100.0</p></td><td><p>109.9</p></td><td><p>130.6</p></td><td><p>132.4</p></td></tr><tr><td><p>All
agricultural inputs price index (base = 2020)</p></td><td><p>95.8</p></td><td><p>89.7</p></td><td><p>87.2</p></td><td><p>91.7</p></td><td><p>98.8</p></td><td><p>100.4</p></td><td><p>100.0</p></td><td><p>111.4</p></td><td><p>143.2</p></td><td><p>135.6</p></td></tr><tr><td><p>All
agricultural outputs inflation rate</p></td><td><p> </p></td><td><p>-9.1%</p></td><td><p>-1.3%</p></td><td><p>10.7%</p></td><td><p>3.0%</p></td><td><p>-0.9%</p></td><td><p>3.6%</p></td><td><p>9.9%</p></td><td><p>18.9%</p></td><td><p>1.4%</p></td></tr><tr><td><p>All
agricultural inputs inflation rate</p></td><td><p> </p></td><td><p>-6.4%</p></td><td><p>-2.7%</p></td><td><p>5.1%</p></td><td><p>7.8%</p></td><td><p>1.6%</p></td><td><p>-0.4%</p></td><td><p>11.4%</p></td><td><p>28.5%</p></td><td><p>-5.3%</p></td></tr></tbody></table><p>
</p><p> </p><p>Source: Defra Agricultural Price Indices</p><p>Latest agricultural
price indices - GOV.UK (www.gov.uk)</p><p> </p><p> </p><p>Notes:</p><p>(a) Values
for 2023 are provisional</p><p>Data are only available from 2015 onwards on an equivalent
basis, following re-basing of the agricultural price index to 2020 in 2023.</p>
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