Why has the price of fish and chips gone up?
Summary
The price of fish and chips has increased in the UK due to rising costs of fish, energy, and other expenses. A regular portion of cod and chips now costs about £12, with much of the price covering expenses like fish, wages, and taxes.Key Facts
- The average price for haddock and chips is just over £10, and cod and chips costs about £11.41.
- Jon Long, a fish and chip shop owner in Dorset, charges around £12 for a regular portion of cod and chips.
- About £2 of this price goes to government tax (VAT), food costs are about 35% (around £3.50 to £4), and wages make up about 40% (£4).
- The remaining £2 covers business reinvestment and income for the owner, not just profit.
- Fish prices have risen from £7 per kilo to £16-£17 due to supply issues linked to the war in Ukraine and tariffs on Russian-caught fish.
- Over half of the fish coming into the UK used to be Russian caught, but this supply has stopped.
- Energy price increases and general cost rises affect both businesses and customers.
- Despite challenges, some shop owners are reopening or investing because they believe there is still a future in the fish and chips industry.
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