Extra checks and requirements on goods crossing the border has increased food prices by 6% overall, says the Centre for Economic Performance.
, driven by an increase in the cost of meat, dairy, eggs and coffee in particular.
Richard Davies, a professor at the University of Bristol and co-author of the study, said:"One factor in this high inflation has been the rise in non-tariff barriers for trade with the EU."Has Brexit broken the economy? He added:"In leaving the EU, the UK swapped a deep trade relationship with few impediments to trade for one where a wide range of checks, forms and steps are required before goods can cross the border.
"Firms faced higher costs and passed most of these onto consumers. Over the two years to the end of 2021, Brexit increased food prices by around 6% overall."Nikhil Datta, a fellow co-author on the CEP research, said the findings had"stark" policy implications. "Non-tariff barriers are an important impediment to trade that should be a first-order concern, at least on par with tariffs, for policymakers interested in low consumer prices," he said.about the impact it is having on the UK's finances.
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