Salmon sees highest price increase by nearly 99 percent in past 15 years

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Salmon has seen the biggest leap of all food costs over the past 15 years – nearly doubling in price.

Researchers found the popular fish cost 98.64 percent more in March this year than in 2008.

This has been put down to high demand from consumers, coupled with overfishing, pollution and climate change.

If it carries on going up at the same rate, salmon will cost £37.68 a kilo on average by 2038, compared to £18.97 now.

Whitefish, sausages, butter and tomatoes have also seen huge hikes.

Fish-and-chip staples such as cod, haddock and plaice saw the second biggest rise since 2008, going up by 93.68 percent.

At this rate, white fish will cost £37.76 per kilogram on average within 15 years, compared with £19.52 now.

Next on the list is sausages, which increased by 90.49 percent. They would cost £5.04 for a 400g pack of six by 2038, instead of the £2.64 average now.

The study was carried out by short-term lender Moneyboat, using Average Price Index data from the Office for National Statistics for food items back in 2008 and how much they cost today.

Fourth on the list was butter, which saw an 85.83 percent hike.

At the same rate of inflation, it will cost £4.39 for a 250g tub, currently retailing at £2.36, within 15 years.

Tomatoes have increased by 85.29 percent and could cost £5.84 per kilo by 2038, compared with £3.15 now.

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Milk, which has gone up by 75 percent, would cost £1.23 per pint instead of 70p.

And for those who need a bit of caffeine to get them going in the morning, coffee, which rose by 70.1 percent in the past 15 years, would soar to £5.61 for a standard jar that costs £3.30 today.

Daniel Saunders, from Moneyboat, said: “The increase in salmon prices has made it a less affordable option for some consumers. Like many foods in the index it’s been subject to rising production costs.

“The fish has also seen a huge increase in popularity over the last 15 years due to how nutritious it is, being a great source of protein in a healthy diet and due to dishes like sushi becoming more popular.

“It’s unlikely that the price will fall significantly in the near future, especially with Norway – which produces over half of the world’s salmon – recently proposing a new ‘salmon tax’.”

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