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Food inflation has reached its highest level on record, with the sector predicting no stall in price increases throughout the year. Figures published in the British Retail Consortium’s (BRC) shop price index show food inflation rose to 13.8 per cent in January, up from 13.3 per cent in December. This rise has pushed it above [...]
Supermarkets slashing the prices of kitchen staples such as bread, milk and cheese has helped ease food inflation in a welcome boost for shoppers. Food inflation fell to 14.6 per cent in June, down from 15.4 per cent in May, according to figures from the British Retail Consortium (BRC). The decline marks the second consecutive monthly [...]
Proposed restrictions on post-Brexit trade will pile costs onto consumers, representatives of the UK’s fresh produce industry warned. The Fresh Produce Consortium (FPC) warned that an extra £10m from import charges would have to be passed on to consumers, further fuelling food inflation. In a letter to the government seen by The Guardian, the FPC [...]
Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
FOOD inflation surged to its highest rate on record since the index started in 2005, according to freshly published data. According to the British Retail Consortium (BRC) and NielsenIQ shop price index, food inflation hit 10.6 per cent in September, up from 9.3 per cent in August. For fresh food, inflation swelled to 12.1 per [...]
The Amazon-owned UK division of Whole Foods has seen a rapid decline in earnings for the year as soaring inflation makes Brits hesitant to fork out on its pricey goods. Whole Foods UK reported operating losses of £26.9m up from £17.2m the prior year and its sales also fell to £91.6m down from £94.3m. Amazon [...]
Food inflation cooled once again in August, new figures out today show, in a sign that cost of living pressures in the UK are gradually starting to ease. Food inflation fell to 11.6 per cent in August, down from 14.3 per cent in July, according to fresh figures from the British Retail Consortium (BRC). However, [...]
Unilever, owner of Ben & Jerry’s and Hellman’s Mayonaise, has raised its expectations for the rest of the year after strong sales off the back of rising prices. The conglomerate which deals in everything from beauty products to homeware and nutrition to ice cream, reported underlying sales growth was up 10.5 per cent to almost [...]
The rate at which food prices increase has fallen to 9.9 per cent in September, down from 11.5 per cent the prior month, and the lowest level since last August, in the latest signal that cost of living pressures customers face at the till are beginning to ease. Shop price annual inflation is now also [...]
Food inflation has slipped to its lowest level this year and has fallen for the third month in a row, an encouraging signal that suggests the UK is through the worst of the cost of living crisis, a new survey out today shows. The cost of groceries climbed 13.4 per cent over the year to [...]
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