GeraEats / UK Food Prices / Olive oil
Olive oil — Average UK Price
The average UK retail price of olive oil is £8.73 (500ml-1litre), up +17.2% year on year (ONS, January 2025).
What is the average UK price of olive oil?
The average UK retail price of olive oil is £8.73 (500ml-1litre), according to ONS average-price data for January 2025. That is up +17.2% from £7.45 a year earlier (January 2024). It sits in the "Oils and fats" food group, where it ranks 1 of 6 items by price. Wider UK food inflation is 2.2% (12 months to May 2026). Source: Office for National Statistics, OGL v3.0.
How much does olive oil cost in the UK?
Olive oil is an everyday item in the Oils and fats group of the ONS consumer-prices basket. Its average UK retail price is £8.73 per 500ml-1litre (January 2025 reference period). A year earlier (January 2024) it averaged £7.45, so the price rose +17.2% over twelve months. These are ONS experimental average prices, designed to track price change rather than exact shelf prices.
Price summary
| Metric | Value |
|---|---|
| Average price | £8.73 (500ml-1litre) |
| Price a year earlier | £7.45 (Jan 2024) |
| Year-on-year change | +17.2% |
| Food group | Oils and fats |
| Rank in group by price | 1 of 6 |
| Reference period | January 2025 (ONS) |
Other oils and fats prices
| Item | Unit / pack | Avg price | YoY |
|---|---|---|---|
| Spreadable butter | 500g | £4.60 | +18.6% |
| Butter | 250g | £2.53 | +18.2% |
| Dairy free spread/margarine | 450-500g | £2.27 | +9.1% |
| Dairy spread/margarine | 450-500g | £2.08 | -2.3% |
| Peanut butter | 225-350g | £1.96 | -9.3% |
Olive oil price — frequently asked questions
How much does olive oil cost in the UK?
The average UK retail price of olive oil is £8.73 per 500ml-1litre, based on ONS average-price data for the January 2025 reference period. Average prices are experimental ONS statistics that capture price change, so the exact shelf price in a given shop may differ.
Has the price of olive oil gone up or down?
The average price of olive oil rose +17.2% over the year, from £7.45 in January 2024 to £8.73 in January 2025 (ONS average prices).
What food group does olive oil belong to?
Olive oil is classified under "Oils and fats" in the ONS consumer-prices basket. Within that group it ranks 1 of 6 tracked items by average price.
Where does this price data come from?
From the Office for National Statistics (ONS) shopping-prices comparison tool, published under the Open Government Licence v3.0. The January 2025 reference period is the latest vintage the ONS published before it stopped releasing item-level price quotes in March 2026.
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Source
Source: ONS — Shopping prices comparison tool (average prices of items in the CPIH basket) (Office for National Statistics). Data as of January 2025; published 2026-06-25. Licensed under the Open Government Licence v3.0. Ratings reflect the most recent inspection on record and may have changed since publication.