Olive oil soars 11.9% in price with one-litre bottle of Filippo Berio's ... trends now
Prices of olive oil in the UK have rocketed, with fears the country could run out of supplies by autumn thanks to last year's drought in southern Europe that ruined the olive season.
Between December 2021 and last month, the price of the average bottle of olive oil increased by 11.9 per cent, with the cost of Britain's bestselling bottle of olive oil, doubling to more than £11.
Temperatures in the Spanish province of Andalucía soared to more than 100F (40C) last spring, causing havoc during the early growing season in the region, known for producing more olive oil annually than the whole of Italy.
Between December 2021 and last month, the price of the average bottle of olive oil increased in price by 11.9 per cent, with the cost of Britain's bestselling bottle of olive oil, doubling to more than £11
In 2019, the online supermarket Ocado charged £6 for a litre of Filippo Berio's Classico olive oil but now it charges £11.05, the Times reports.
According to the grocery price index, recorded on Trolley, the average price of olive oil products in the UK has increased from £6.62 in December 2021 to £7.41 in December 2022.
The British supermarket which saw the largest jump in olive oil prices, was Iceland who saw its products increase in price by 37 per cent, or £1.70.
The Coop saw an increase of 22 per cent, by £0.95, closely followed by Morrisons which saw a 19.8 per cent increase of £0.90.
Waitrose supermarkets saw the least increase in price over the last year, increasing by £0.55 or 6.2 per cent.
Managing director of the UK's biggest olive oil brand Filippo Berio UK, Walter Zanre told the Times it was 'a disaster', raising concerns that the country could run out of olive oil by the autumn.
He added: 'We have had to increase prices by 30 per cent and prices are likely to rise further.'
The price of Filippo Berio's Extra Virgin Olive Oil
