UK grocery inflation edges higher over last month, says Worldpanel
Worldpanel by Numerator said higher prices cut into volumes as grocery sales rose just 2.0% and deal spending climbed 7% year on year.
- On Tuesday, market researcher Worldpanel by Numerator reported British grocery inflation rose to 2.3% year-on-year over the four weeks to Sept. 6, up from 2.1% the previous month.
- Households mitigated inflation by prioritizing discounts, as spending on promotional deals surged by £243 million, a 7% increase, while full-price sales growth lagged at just 1.4%.
- Ocado led retailer growth with a 13.3% sales rise over 12 weeks, while Marks & Spencer saw grocery sales climb 14.8% and Asda returned to growth with a 0.1% increase.
- Consumer spending headwinds will strengthen from October as most households face rising energy bills, despite Prime Minister Andy Burnham prioritizing cost-of-living efforts.
- The Food and Drink Federation projects food price inflation could climb to nearly 4% by year-end and exceed 6% by mid-2027, driven by geopolitical tensions and El Niño weather patterns.
13 Articles
13 Articles
UK grocery inflation edges higher over last month, says Worldpanel
British grocery price inflation increased to 2.3% over the four weeks to September 6, market researcher Worldpanel by Numerator said on Tuesday, putting more pressure on households grappling with elevated living costs.
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UK grocery inflation accelerates as households trade down and chase supermarket deals - London Business News
UK grocery price inflation accelerated in August as households increasingly changed their spending habits to manage persistent pressure on living costs, with shoppers making fewer supermarket trips and seeking out… The post UK grocery inflation accelerates as households trade down and chase supermarket deals appeared first on London Business News
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