You may here on the news tales of economic destruction following our decision to leave the European Union, that inflation and a lack of trade will drive prices higher than ever before but on a more local scale these effects are yet to be seen in any great effect. Unfortunately though there has already been one victim of Brexit and that is our love of chocolate….
As simple as it seems, the price of chocolate in local stores has been rising alongside other own brand products. Before the rise was small amounts around 5p increases every year as can be expected from normal inflation but after the split with Europe many own brand products rose overnight by about 30%.
For those of you who believe this an insignificant rise, the increase in price could be an indicator of things to come. In coming months or years prices of all products in your favourite shops will increase. As higher costs of production for these businesses force them to increase their prices. This is due to inflation rates being around 3% but possibly continuing to rise to rise.
At least higher prices for chocolate should encourage healthier eating in the country!
Oliver Gaedke, The John Fisher School.
