Tuesday, 12 February 2013

Pancake price barely moved

Pancake inflation very subdued - time to get frying!

Official stats say prices rose by an average of 2.7% over the last year and that food prices have been a major factor.

But the good news is that my own pancake index (following the Delia pancake recipe) shows the cost of a pancake rising by less than 1% - a mere 0.76% in fact.

And each pancake costs just 8.8p.

Here's her ingredients list for 12 pancakes...

110g/4oz plain flour, sifted
Price: 8.21p (9.24p a year ago)

Pinch of salt
Not charging for this

2 eggs
Price: 53.33p(51.5p)

200ml/7fl oz milk mixed with 75ml/3fl oz water
Price: 16.1p(16.1p)

50g/2oz butter
Price: 28.4p(28.8p)

Total: 106p compared with 105p a year ago.

Source: Office for National Statistics

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