Greggs has refused to rule out that its prices will rise in the wake of inflation and due to rising cost pressures.
The cost of sausage rolls, steak bakes, and Yum Yums could soon be hiked after the much-loved bakery chain – which has hundreds of branches across the city centre, and throughout the Greater Manchester region – explained that its profit growth will be squeezed this year and used the publication of its annual results for 2021 to limit the expectations of both customers and investors.
2021 was a record profit year for Greggs after the previous year was greatly impacted by the COVID-19 pandemic.
But CEO Roger Whiteside has now said that while like-for-like sales growth during the first nine weeks of 2022 were 3.7% ahead of 2020 levels, he warned that the outlook for many commodity costs still “remains uncertain”.
“We have started 2022 well, helped by the easing of restrictions,” Mr Whiteside said.
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“But cost pressures are currently more significant than our initial expectations and, as ever, we will work to mitigate the impact of this on customers, however given this dynamic, we do not currently expect material profit progression in the year ahead.”
Greggs has refused to rule out that its prices will rise further in 2022 / Credit: Greggs
Greggs says it’s expecting an overall cost inflation of 6% to 7% this year, which is mainly from raw materials, energy, and staff wages.
Because of this expectation, this has prompted the company to put up some prices at the start of this year – with a spokesperson confirming Greggs had raised its prices by a “few pennies”, adding 5p to the price of some products – and further changes are “expected to be necessary”.
Mr Whitehouse not only pointed to the fact that commodity pricing was already rising at the back end of 2021 as the world started to move out of pandemic, but now, Russia’s invasion of Ukraine has exacerbated the situation even further, as both countries are huge producers of commodities such as wheat, corn, and sunflower oil.
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The nationwide bakery chain says it’s expecting an overall cost inflation of 6% to 7% this year / Credit: Greggs
It’s understood, however, that if Greggs does raises prices further this year, the company would still be looking to remain competitive.
Although Greggs is at this moment unable to confirm if prices will rise further in the future, and whether customers will have to fork out more for their bacon butty in the morning, Mr Whiteside has said there were no current plans for fresh increases, adding: “We’re going to have to keep it under review in the balance of the year.”
“[We’ll] see how the market develops,” he concluded.
A ‘legacy walk’ in memory of the Joe Thompson is taking place across Greater Manchester
Danny Jones
The ‘Walk With Me for JT’, a.k.a Joe Thompson ‘Legacy Walk’, is back next month, and Greater Mancunians are being encouraged to take part.
Returning this year following his tragic passing last April, the now annual charity walk has already raised thousands for charity and is set for another big turnout.
Joe Thompson, an ex-Rochdale AFC and Bury FC player, sadly died at just 36 following a long battle with lymphoma, having been diagnosed three different times in 12 years.
While the young husband and father of two’s story is a heartbreaking one, it has also become a source of inspiration for so many across the North West and, indeed, across the UK, with people once again gearing up to complete a fundraising walk in his name.
Set to honour him by making the journey from his adopted home of Rochdale all the way to Old Trafford, with Thompson having come through Man United’s youth academy, the 15-mile trek will start at his former club’s Crown Oil Arena and stop at Bury’s Gigg Lane as well as Salford City’s Peninsula Stadium.
First held in 2024 under the ‘Walk With Me for JT’ banner, the initial legacy walk saw the Bath-born footballer and countless others complete 21 miles in an effort to raise money for treatment.
Gone but never forgotten, the charity walk survives not only in the hearts and souls of his family, friends and other people’s lives he touched, but in the community spirit that his struggle and immense bravery in the face of illness helped spur on throughout the region and beyond.
Writing on social media, the Thompson family and the Foundation in his memory said, “Last year, he walked beside us. This year, we walk for him. This isn’t just a walk… It’s a promise. A promise to carry his strength, his belief, his light forward.
For every family facing illness. For everyone experiencing loss or hardship. For anyone who needs hope right now. Every step matters. Every mile has meaning. Whether you’ve walked before or this is your first time. You won’t walk alone.”
Join the annual Joe Thompson legacy walk on Saturday 2nd May 💙
Departing from the Crown Oil Arena, the 15-mile walk will finish at Manchester United's Old Trafford 🏟️
They signed off by adding: “Be part of something bigger. Be part of Joe’s legacy. Be part of the movement. Get a team together, invite your friends, colleagues and family and let’s raise funds to support The Joe Thompson Foundation.”
With the event beginning at 11am on Saturday, 2 May, there have already been numerous sign-ups, and you can expect even more to lace up their shoes and pay tribute to a local hero.
If you want to join in the effort and help do your bit, you can register for the 2026 Joe Thompson Legacy Walk right HERE.
Manchester rent is now ‘41% more expensive than five years ago, according to a recent study
Danny Jones
Yes, that’s right, as per some of the latest data on leased housing in central Manchester, it’s now approximately 41% more expensive to rent here than it was half a decade ago.
If you’ve lived in and around the city centre for long enough, chances are that you’ve already been feeling that difference, especially of late.
The ongoing cost-of-living crisis roughly began in 2021, following the economy and the world essentially opening back up after multiple lockdowns, so it’s little surprise that new research has shown affordability when it comes to renting has been on a slump ever since, too.
As well as the price of seemingly most things in everyday life going up post-pandemic, the average rental rate for even just a one-bedroom flat/apartment has jumped up significantly between 2020 and 2025.
Even some ‘available’ housing in town is being hampered by claddin (Credit: Valienne via WikiCommons)
That’s according to the numbers crunched by credit card experts, Zable, anyway.
Not only did their recent report cite the rent prices going up even before the cost of living crisis – essentially following the outset of the Covid-19 outbreak – but if their figures, the rate of inflation and the unwaveringly high demand for housing are anything to go by, this trajectory is likely to continue in 2026.
As of February this year, around one in three UK households is now a single-person occupancy, which already comes with its challenges (the Manchester City Council tax discount being a thin lifeline for countless), not to mention energy bills and the cost of groceries continuing on an upwards trend.
Put in the simplest and most reductive terms, it’s now almost £300 dearer for most people to live on their own than it was back in 2020, and besides Liverpool clocking in as second on the list of increasingly expensive cities to live (a 42.12% increase), Manchester came in third.
You can see the full table down below:
Rank
City
% increase – 2020-2025
Difference from 2020 to 2025 in £
Average rental cost for a 1 bed 2025
1
Newport
47.39%
£2,611
£8,121
2
Liverpool
42.12%
£2,290
£7,727
3
Manchester
41.00%
£3,364
£11,569
4
Edinburgh
40.28%
£4,620
£16,090
5
Leicester
39.93%
£2,391
£8,379
6
Wolverhampton
39.22%
£2,049
£7,273
7
Nottingham
39.07%
£2,400
£8,543
8
Glasgow
38.02%
£2,679
£9,725
9
Colchester
37.63%
£2,617
£9,572
10
Cardiff
37.06%
£2,828
Average rental cost for a 1-bed 2025
Another fear is that with lots of people finding it hard to manage living in other major cities like London, even those moving to Manchester are also having an impact on how available affordable housing is here.
That’s why schemes such as the new ‘social rent’ development over in Wythenshawe are so important to the current generations of renters, with the possibility of owning your own property in the future becoming increasingly difficult for so many.
It’s also worth noting that Manchester ranked fourth among the British locations where the cost of living is said to have increased the most over the past five years, with the average difference in annual spend growing by an estimated 22.84%.
Emily Sergeant -
8th March 2022 
