# Development and Expansion of Existing Food Price Modelling System

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Defra](/buyers/defra/contract-awards)
- Contract winner: [University of Exeter](/contract-winners/university-of-exeter/public-sector-contract-awards)
- Award value: £174,571
- Award date: 1 December 2023
- Published: 6 December 2023
- Contract start: 4 December 2023
- Contract end: 20 December 2025
- Stage: awarded
- Procurement category: services
- Notice ID: e4ec164d-26d5-43eb-aaeb-395fc64f9616-705044
- OCID: ocds-b5fd17-7496671a-2e05-42e4-acec-c1321ab5973c

## Description

There is a need for Defra to better understand the impact of food price changes on consumers health and welfare, which has become more pressing in light of increasing pressures from modern society\. The global impact of the COVID-19 pandemic, the UKs exist from the European Union \(EU\) and the war in the Ukraine has contributed to increase food price volatility in the UK, and November 2022 saw year-on-year food price inflation rise to the highest levels since the 1970s\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/e4ec164d-26d5-43eb-aaeb-395fc64f9616-705044)