Home > DocuBase > Article

« All DocuBase Articles


Follow DocuTicker on Twitter   Feed

Tuesday, 4th March 2014

UK: The Great Resource Price Shock

Source: Green Alliance (UK)

From Summary:

Over the past decade, world prices of key resources have risen sharply and have been highly volatile. Between 2003 and 2013, world fuel prices rose fourfold, metal prices trebled and food prices roughly doubled. This sharp rise, affecting most commodity groups, is in marked contrast with much of the 1980s and 90s, when real commodity prices generally declined. In this policy insight we call this recent phenomenon the ‘great resource price shock’ and explore its impacts on inflation and living standards in the UK. We also discuss the factors likely to influence its future evolution and the policy responses available to mitigate it.

Since 2003, rising food and energy bills have pushed up the overall inflation rate by around 0.5 percentage points per annum and have made the task of controlling inflation more difficult for the Bank of England. These higher bills have also made a significant contribution to declining real living standards in the UK with poorer households particularly affected. We have calculated that, if food and fuel prices had just kept pace with other consumer prices since 2003, the average household could have saved over £1,000 on its food and household energy bills in 2012. Given that the UK is becoming more dependent on imported commodities, rising resource prices will have increasingly adverse impacts on the UK economy.

+ Direct link to document (PDF; 1.3 MB)

+ Infographics (PDF; 1.8 MB)



Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »

Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles



FreePint supports the value of information in the enterprise. Read more »

FeedLatest FreePint Content:

  • Click to view the article How to Develop Strong Relationships between Buyers and Suppliers
    Wednesday, 25th November 2015

    Catherine Pask reports on feedback from information managers to provide suggested steps and tips for improving relationships between buyers and sellers of information, such as avoiding surprises and keeping communications open.

  • Click to view the article Surveys Reveal Concerns about Reliability of and Access to Information
    Wednesday, 25th November 2015

    As we get to the half-way point in our "News, and Other Commodities" Topic Series, Shimrit Janes pauses to reflect on the findings of FreePint's recent research and surveys into private company information and web usage policies, and takes a look at what else is still to come.

  • Click to view the article Market Landscape - Media Monitoring
    Tuesday, 24th November 2015

    FreePint presents an overview of some key vendors in the media monitoring space. The table identifies key vendors and  products, a brief description of the platform, geographic scope and highlights any special  features, key use-cases and value. Products covered include Cision, Commetric, Factiva, Infomart, LexisNexis Publisher, Meltwater News, Newsdesk, NewsEdge, Nexis, and SinglePoint.

  • ... more ...

All FreePint Content »
FreePint Topics »

A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.

FreePint Testimonials

"We have enjoyed immensely working with FreePint's consulting team. Their broad experience and practical hands-on approach to strategic ..."

Read more testimonials and supply yours »




Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »


All DocuBase Sources »

Source Categories

All Source Categories »


All Archives »