Food inflation may not reach worst-case scenario but will last longer – industry
The Institute of Grocery Distribution said households with children may need £203 more this year as price pressure is expected to last into 2028.
- The Institute of Grocery Distribution forecasts food inflation to peak in the second half of this year, averaging 3.7% to 4.7% across the 12 months.
- IGD chief economist James Walton said geopolitical conflict impact filters through slowly, causing inflation to peak at 5.5% despite the recent peace deal involving Iran.
- Households with children will need to find around £203 extra for food and drink this year, and another £207 next year, according to latest predictions.
- The IGD's Shopper Confidence Index remained "subdued" at minus two in May, with 94% of consumers worried about food prices and 86% concerned about energy bills.
- Retail food costs have risen more than 40% on pre-Covid levels, and sustained upward price pressure is expected to continue into 2028, according to the Institute.
12 Articles
12 Articles
Leicester Mercury
Wales Online£207 warning for anyone who buys food as rises to last into 2028
Economists say ' there is little room for relief'
Evening Standard
Food inflation may not reach worst-case scenario but will last longer – industry
Latest predictions suggest households with children would need to find an extra £203 for food and drink this year, and another £207 next year.
UK Households Face Sustained Food Inflation Through 2028 But Lower Peak
Families with children will need to find an additional £203 for food and drink spending this year as food inflation in the UK is set to remain a challenge for consumers and the food industry for several more years, warns IGD. New analysis from the Institute of Grocery Distribution (IGD) suggests that next year UK shoppers will face a further £207 increase in grocery bills, compared with current expenditure levels, even though the anticipated pea…
IGD warns food inflation may peak lower but last into 2028, as lag from Middle East conflict sustains cost pressures
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. IGD (Institute of Grocery Distribution) has released updated food inflation forecasts showing that, while food inflation is no longer expected to peak as high as a severe energy shock scenario, the impact is now expected to last much longer, into 2028. This means house…
Food inflation falls but industry warns Iran war spike to come
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 May, the Office for National Statistics (ONS) revealed on Wednesday. This dip in food inflation was a key force keeping the UK’s headline inflation rate steady at 2…
Talking Retail
RetailWitIGD warns food inflation may peak lower but last into 2028
IGD (Institute of Grocery Distribution) has released updated food inflation forecasts showing that, while food inflation is no longer expected to peak as high as a severe energy shock scenario, the impact is now expected to last much longer, into 2028. This means households with… This story continues at IGD warns food inflation may peak lower but last into 2028 Or just read more coverage at Talking Retail
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
