Guide shows domestic food bills at all-time low

IRISH householders are spending less on food than ever before, it was revealed yesterday.

A consumer information guide on the Common Agricultural Policy (CAP), compiled by Agri Aware, shows that food inflation has consistently remained below the annual rate of inflation. Food items such as steak and butter would be 80% more expensive if food prices kept apace with annual inflation since 1973.

The guide — announced as thousands prepare to travel to Annaharvey, Tullamore, for the three-day National Ploughing Championships — reveal Irish and British households have the joint lowest expenditure on food in Europe.