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UK grocery inflation edges higher over last month, says Worldpanel
Worldpanel said grocery sales rose 2.0% as households bought less volume after inflation, with fresh fish and skincare leading the increases.
- On Tuesday, market researcher Worldpanel by Numerator reported British grocery price inflation increased to 2.3% over the four weeks to September 6, up from 2.1% in the previous month.
- Fierce competition and consumer resistance have kept inflation below earlier forecasts, though the Food and Drink Federation warned last week that food price inflation could climb to nearly 4% by year-end.
- Online supermarket Ocado saw 13.3% sales growth, while discounter Lidl increased its market share to 8.7%; Asda returned to growth and industry leader Tesco saw sales rise 1.7%.
- As the academic year began, average customer spending on school uniforms fell 12.4% to £54.53, while 44% of households prioritized low costs and spending on promotional deals rose £243 million, or 7% year-on-year.
- While Britain's new Prime Minister Andy Burnham has prioritized cost-of-living efforts, household financial strain may intensify starting in October when most UK families are expected to face higher energy bills.
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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.
·London, United Kingdom
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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
Coverage Details
Total News Sources9
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 16%
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