Pot Of Marmite Now Costs More Than Petrol
According to a report in the Mail last Sunday, a pot of Marmite now costs more than the price of a gallon of petrol or a rump steak.
According to the report, the cost of a 500 gram jar of the dark stuff has risen by 25 per cent over the last half decade and is currently sold at £5.03 at Sainsbury’s and £5.38 at Waitrose a cost which exceeds the price of a gallon of petrol in most parts of Britain.
Around 60 million jars of the yeast spread are produced every year, and despite the increase in price, sales of the product increased by 2 per cent in the last year.
Unilever, the company which owns the Marmite name, refused to offer an explanation for the steep price rise.
Adam Leyland, editor of The Grocer magazine, said: “Compared with bread, which has gone up by around 40 per cent in price over the past five years, this is a relatively modest rise.”
“But Marmite does not appear to contain any ingredients that have been subject to sharp price hikes. This could be a case of Unilever trying to increase its profit margins.”
Please Note - All Prices Quoted Are Correct at Time of Posting
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