The British division of Filippo Berio reported a significant increase in olive oil sales last year, coinciding with a notable drop in wholesale prices after years of inflationary pressure. According to company accounts filed recently, the brand saw a 37 percent rise in the volume of olive oil sold in 2025, contributing to a 16 percent growth in revenues.

Walter Zanre, UK director of Filippo Berio, attributed this trend to a sharp deflation in costs driven by an improved 2024-25 olive harvest in Spain. This increase in raw material availability eased supply constraints, allowing the company to lower prices. Those reductions were passed on to customers, leading major supermarkets to reduce shelf prices accordingly.

The price adjustment marks a reversal from several years of high inflation caused by poor harvests and drought conditions affecting key olive-producing countries, including Spain, Italy, and Greece. According to recent analysis by the investment firm AJ Bell, consumer prices for olive oil more than doubled between 2021 and 2024, peaking at record levels the following year.

Despite the recent price declines, costs for a 500ml bottle of Filippo Berio olive oil remain elevated relative to historical levels. Current prices range between £7 and £8, down from over £10 in early 2025 but still above the £3 to £4 range common just a few years ago.

The easing of prices is expected to provide relief to consumers who faced premium rates on a staple cooking ingredient during the recent inflationary period. However, the longer-term outlook depends on factors such as future harvest yields and broader agricultural conditions across Mediterranean producers.