September witnessed significant price cuts by UK retailers due to wet weather affecting consumer spending.Shop prices experienced a 0.6% decline in September, the largest since August…
Browsing: food inflation
UK retailers have significantly reduced prices in September due to unusually wet weather conditions affecting consumer spending.Shop prices saw a notable 0.6% decline year-on-year in September,…
Food inflation has seen a noticeable increase due to suboptimal crop yields.In September, food inflation hit 2.3%, up from 2% the previous month.Fresh food inflation also…
Huw Pill, Chief Economist at the Bank of England, warns that food prices may not decrease due to the Ukraine conflict’s impact on supply chains.Russia’s invasion…
Economists foresee a prolonged inflationary period impacting UK food prices, signaling the end of affordable grocery shopping.The Office for National Statistics recorded a 45-year high in…