There are not many people who won’t relish the thought of tucking into a plate of plump chips, with a piece of soft and succulent fish wrapped in a deliciously crunchy batter. However, the price might not be something to equally savour, with the average cost of a fish and chip supper raising nearly five times the overall rate of inflation, since the 1970s.
Britain has been gripped by inflation fever in recent years and has experienced a surge in the cost of living. Coming at the same time as a double dip recession and a raft of austerity measures from the government, which have crippled economic growth, there is little surprise that many households across the UK now find it difficult to afford a treat from their local fish and chip shop once a week.
The UK has not always struggled to battle inflation. In the 1920s and 1930s, prior to World War II, there was a prolonged period of deflation. Since 1975, inflation has shot up by 224%, enduring a spike in the mid-70s. However, during this same period, the price of fish and chips has rocketed by 1197%, far outstripping the overall hike in the cost of living.
Debt management specialists, Baines and Ernst, have produced the infographic ‘Counting the Cost of Fish and Chips’ to show the meteoric rise in cost of the nation’s favourite food over the last few decades. It makes surprising reading.