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food inflation

  • Miliband would be ‘disaster’ as Chancellor, says Labour cost of living chief 

    Politics

    Keir Starmer’s cost of living champion has warned that Ed Miliband would be a “disaster” as Andy Burnham’s Chancellor. Lord Richard Walker, who is also executive chairman of budget supermarket Iceland, told BBC Newsnight that the current energy secretary’s net-zero policies are putting an undue burden on household bills. He said: “Climate change is real, [...]

    Lord Walker delivering a speech at a business conference, wearing a formal suit and addressing an audience attentively.
  • Kaleb Cooper: Brits don’t care about the price of milk 

    Food

    Brits don’t care about the price of milk, Kaleb Cooper has said, as he urged shoppers to buy more locally-made produce. The Clarkson’s Farm star told City AM that farmers would be “very, very grateful” for price rises if passed on to producers amid a battle to stay profitable in the face of higher costs. [...]

    Jeremy Clarkson on his farm during filming of Clarksons Farm Series 3 for Prime Video, captured by Ellis OBrien.
  • Morrisons pushes ahead with convenience store openings after closing 100

    Retail

    Morrisons is pushing ahead with an aggressive expansion of its convenience stores, less than a month after it shut 100 loss-making sites. The supermarket opened 30 more Morrisons Daily stores in the last three months and plans to open hundreds more in the coming years. This is despite the grocer saying in May that “significant” [...]

    Morrisons supermarket exterior with branded signage, showcasing entrance and storefront, highlighting retail location.
  • Industry warns Iran war spike to come as food inflation falls

    June 17, 2026

    The surprise drop in food and drink inflation seen in May is likely to be short-lived, as the impacts of the war in Iran are due to take hold, leading industry figures to warn. The rate of inflation of food and non-alcoholic drinks fell from three per cent in April to 2.2 per cent in [...]

  • Food inflation: First signs of energy cost surge feed through to supermarket shelves as discounts fail to stem price growth

    June 8, 2026

    Supermarket food inflation has risen significantly for the first time this year, a City AM analysis has found, flashing an early warning sign that the surge in energy and freight costs triggered by war in Iran is reaching shelf prices in the UK. City AM reporters gather data on around 200 prices of products across [...]

  • Lidl leapfrogs Morrisons to become UK’s fifth-biggest supermarket

    May 27, 2026

    Lidl has soared past struggling Morrisons to become the UK’s fifth-biggest supermarket, as its heavy discounting gave the grocer an edge in the fiercely competitive market. The German grocer snatched an 8.6 per cent market share, powered by an 8.8 per cent uplift in sales across the last 12 weeks, according to data by Worldpanel. [...]

  • Greencore shares slide as M&S sandwich supplier counts cost of Bakkavor takeover

    May 27, 2026

    Food manufacturer Greencore counted the cost of its mammoth deal with rival Bakkavor as integration expenses plunged the firm to a loss in the first half of the year. The FTSE 250 firm – which is a supplier to countless supermarket giants including Tesco, Sainsbury’s and M&S – was weighed down by upfront costs associated [...]

  • Intense discounting pushes food inflation to year low

    May 26, 2026

    Intense competition among UK supermarkets has pushed food inflation to its lowest level in a year, despite warnings that the Iran war will push up prices. Heavy discounting saw food inflation fall from 3.1 per cent last month to 2.7 per cent in May, according to data by the British Retail Consortium (BRC) and NIQ. [...]

  • Reeves food tariffs policy will ‘barely touch the sides’ on supermarket prices

    May 21, 2026

    Food manufacturers and retailers have slammed Rachel Reeves’ cost of living measures, claiming the government’s loosening of food tariffs will do little to help supermarkets to cut prices. The Chancellor urged supermarkets to pass on savings from the stripped tariffs to shoppers “in full,” but retailers fear this measure will “barely touch the sides,” City [...]

  • M&S boss says supermarket price caps ‘completely preposterous’

    May 20, 2026

    The boss of M&S has dubbed government proposals to urge supermarkets to cap the prices of foods as “completely preposterous”.  Stuart Machin, chief executive of the retail giant, called on the government to cut red tape and taxes on grocers instead of pressuring supermarkets to cut prices. The Treasury has reportedly been asking supermarkets to [...]

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