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Burgerflation: Barbecues Priced Out by Soaring Costs
30 Jul
Summary
- Farmers receive 8% less for beef, while shoppers pay 9% more.
- Baker pays more for ingredients but only slightly raises bread prices.
- Rising food costs impact farmers and bakers, not just consumers.
The rising cost of barbecue staples like burgers and bread buns has been labeled 'burgerflation,' making summer cookouts a costly affair. Data indicates a significant price increase for consumers since last summer. Beef prices have risen by 9% for shoppers, while cattle farmers like Heather Oldfield in Lincolnshire are receiving 8% less for their beef compared to the previous year. Oldfield expresses concern about the farm's future, as it doesn't generate enough income to support her family, forcing her to work elsewhere.
Meanwhile, bakers like Phil Clayton in North Yorkshire also face financial strain. While consumers paid 2% more for bread rolls in May compared to a year earlier, wheat farmers received 0.3% less for their crop in April. Clayton notes that the increase in bakery prices is not keeping pace with rising costs, illustrating that the benefits of higher consumer prices are not reaching the producers.
