UK shop price inflation drops to its lowest in over three years, offering relief for consumers as food prices ease.The British Retail Consortium and NielsenIQ reported…
Browsing: food prices
UK inflation has decreased to 1.7% in September, dropping below the Bank of England’s target and opening discussions about potential interest rate cuts. This shift in…
The UK’s Consumer Prices Index (CPI) inflation rate has hit the Bank of England’s 2% target for the first time since July 2021.Inflation adjustments were attributed…
In recent months, the confidence UK consumers place in supermarkets has reached a critical low, drawing comparisons to the infamous horsemeat scandal of 2013.Research from Which?…
The financial strain on UK households has slightly reduced, according to the latest data.Asda reports a 4.5% year-on-year increase in disposable income, the strongest growth since…
The UK government’s decision to cancel new food waste legislation has sparked controversy. This proposed policy aimed to make food waste reporting mandatory for large businesses,…
In July, food store sales experienced a significant decline, reflecting ongoing economic challenges. The drop followed a brief rise in sales during June and highlights consumer…
Shrinkflation is causing widespread concern among shoppers in today’s economic landscape, with nearly three quarters becoming more aware of its effects.Research by Barclays highlights that consumers…
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…