Tesco and Morrisons hit by ‘shrinkflation’ as ready meals cut by 50g while prices go up
2 years, 5 months ago

Tesco and Morrisons hit by ‘shrinkflation’ as ready meals cut by 50g while prices go up

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco and Morrisons has been struck by ‘shrinkflation’ as it joins other supermarkets that have slimmed down the size of their products to tackle soaring costs. The move follows a growing trend across supermarkets dubbed ‘shrinkflation’ where companies try to secure their profit margins amid the highest inflation in 40 years. Roisin Currie, Greggs chief executive, said soaring energy prices and “tough” market conditions meant the cost of pastries could increase again in the coming months. The Resolution Foundation, a think tank focused on living standards, said it was now “plausible” that inflation could rise to 15 per cent – the highest level since 1980.

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History of this topic

Tesco is 'lowering prices as quickly as possible' says boss with cuts on thousands of items as UK's battle against inflation eases
3 months ago

Tesco is 'lowering prices as quickly as possible' says boss with cuts on thousands of items as UK's battle against inflation eases

Daily Mail  

Tesco's boss said it was 'lowering prices as quickly as possible' as the UK's battle against inflation continues to ease. Tesco's lower pricing has come as it has continued to grow its market share over the past year, now holding around 27.8 per cent of the grocery market, up from 27 per cent last October, according to Kantar figures. Ken …

Grocery price inflation rises for first time since March 2023
4 months, 3 weeks ago

Grocery price inflation rises for first time since March 2023

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery price inflation has risen …

Tesco says shoppers buying more after inflation ‘lessened substantially’
8 months, 4 weeks ago

Tesco says shoppers buying more after inflation ‘lessened substantially’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco said inflation in the …

Tesco set for profit rise as sales continue to grow at supermarket giant
9 months ago

Tesco set for profit rise as sales continue to grow at supermarket giant

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco is expected to reveal …

Tesco to reveal sales performance as cost of living still in focus
1 year, 3 months ago

Tesco to reveal sales performance as cost of living still in focus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco’s pricing and efforts to …

Tesco to reveal sales performance as cost of living still in focus
1 year, 3 months ago

Tesco to reveal sales performance as cost of living still in focus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco’s pricing and efforts to …

Shoppers hit by 'super-shrinkflation' as food giants cut size but raise price
1 year, 5 months ago

Shoppers hit by 'super-shrinkflation' as food giants cut size but raise price

The Telegraph  

Shoppers already hit by “shrinkflation” are now having to pay higher prices for more of the same products, an investigation by The Telegraph has found. Brands and supermarkets are both responsible for the “super-shrinkflation”, as food price rises hit 19.2 per cent in March compared with a year before despite portion sizes also being cut. Items on sale at retailers …

Grocery price inflation show biggest drop since March peak
1 year, 5 months ago

Grocery price inflation show biggest drop since March peak

The Independent  

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Morrisons brings budget range to convenience store shelves
1 year, 5 months ago

Morrisons brings budget range to convenience store shelves

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The supermarket chain said it is bringing its Savers …

Ocado announces price cuts to milk and other ‘everyday essentials’
1 year, 6 months ago

Ocado announces price cuts to milk and other ‘everyday essentials’

The Independent  

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Tesco boss says food prices could start to ease
1 year, 6 months ago

Tesco boss says food prices could start to ease

The Independent  

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Shop inflation hits new record as coffee and chocolate prices jump
1 year, 7 months ago

Shop inflation hits new record as coffee and chocolate prices jump

The Telegraph  

Helen Dickinson, chief executive of the British Retail Consortium, said falling commodity costs were starting to filter through to lower prices at the tills for some staples including butter and milk. Sainsbury’s on Tuesday announced it was slashing the price of its dairy products by as much as 60pc Britain’s second largest supermarket said it had reduced more than 40 …

Inflation falls to lowest level in over a year - but food prices remain high
1 year, 7 months ago

Inflation falls to lowest level in over a year - but food prices remain high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation has fallen back to its lowest level in over …

Tesco announces further price cuts on pasta and cooking oil
1 year, 7 months ago

Tesco announces further price cuts on pasta and cooking oil

The Independent  

Tesco has announced another round of price cuts on its own-brand pasta and cooking oil as it sees deflation making its way through to cupboard essentials. We hope that by reducing prices on these 30 products which are bought week-in, week-out, we can help customers spend less Ashwin Prasad, Tesco Sainsbury’s and Tesco also recently cut the price of milk …

Food prices double in the UK as inflation at ‘shockingly high levels’, data shows
1 year, 7 months ago

Food prices double in the UK as inflation at ‘shockingly high levels’, data shows

The Independent  

Some meat, yoghurt and vegetables are among items that have doubled in price compared to a year ago, new figures show. urged prime minister Rishi Sunak to intervene on behalf of struggling consumers as its latest data shows food inflation remaining at “shockingly high levels”. With levels of food poverty among children having doubled in the year to January 2023, …

Tesco to slice the price of bread to beat Aldi and Lidl
1 year, 8 months ago

Tesco to slice the price of bread to beat Aldi and Lidl

The Telegraph  

Tesco has signalled it is ready to slice the price of bread, as Britain's biggest supermarket strives to compete with rivals Aldi and Lidl. Ken Murphy, Tesco’s chief executive, said: “We would hope that, in certain areas, in bakery, you will start to see some deflation.” He added the retailer would be “very vigilant and very rigorous” to get a …

Grocery in UK costlier than ever as 'cost of living' crisis deepens
1 year, 10 months ago

Grocery in UK costlier than ever as 'cost of living' crisis deepens

Firstpost  

London: The grocery inflation rate in the United Kingdom reached a new record high of 17.1%, said reports based on industry data. According to Kantar Worldpanel, the cost of a family’s typical buying basket could increase by £811 per year as a result of the increase over the past 12 months. According to Kantar, the allure of less expensive own-label …

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’
1 year, 10 months ago

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is set to hike the price of five items …

Tesco chairman ‘living in parallel universe’ warn producers in food pricing row
1 year, 11 months ago

Tesco chairman ‘living in parallel universe’ warn producers in food pricing row

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It comes after John Allan, when asked by the …

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
2 years, 1 month ago

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

The Independent  

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Food price inflation still climbing as our myopic government drives the economy off a cliff
2 years, 2 months ago

Food price inflation still climbing as our myopic government drives the economy off a cliff

The Independent  

Financial data that raise an expletive? Researcher Kantar’s latest figure for food price inflation – however – does the job for me. Sales of Tesco’s “Perfectly Imperfect” produce or Morrisons’ “Naturally Wonky” veg were collectively up by 38 per cent, according to Kantar. Even if working-age benefits are increased in line with inflation – which the government is resisting – …

One third of inflation-ravaged U.S. households are skipping meals
2 years, 3 months ago

One third of inflation-ravaged U.S. households are skipping meals

Daily Mail  

One third of households are skipping meals or reducing the size of portions and nearly two thirds would struggle to raise $400 quickly, according to a study on months of runaway inflation hurting everyday Americans. Consumer data firm Dunnhumby says shoppers increasingly feel the pain of rising grocery store prices, which many respondents said was far higher than the official …

Tesco to face questions over consumer demand concerns despite ‘rise in sales’
2 years, 3 months ago

Tesco to face questions over consumer demand concerns despite ‘rise in sales’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco is expected to reveal …

UK food prices rise at fastest rate since global financial crash
2 years, 4 months ago

UK food prices rise at fastest rate since global financial crash

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The price of …

McDonald’s set to hike price of 99p cheeseburger for first time in 14 years
2 years, 5 months ago

McDonald’s set to hike price of 99p cheeseburger for first time in 14 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. McDonald’s said other “menu items …

Lurpak at £9.35 a tub, no pet food in Tesco: Congratulations Leavers, you’ve got the Brexit you always wanted!
2 years, 6 months ago

Lurpak at £9.35 a tub, no pet food in Tesco: Congratulations Leavers, you’ve got the Brexit you always wanted!

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tesco still hasn’t …

How cost crisis has affected your Tesco shopping basket as food prices surge 20% in two months
2 years, 7 months ago

How cost crisis has affected your Tesco shopping basket as food prices surge 20% in two months

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Britons face their lowest living standards in 40 years Pasta …

Morrisons and Asda slash prices in battle for spending-struck shoppers
2 years, 8 months ago

Morrisons and Asda slash prices in battle for spending-struck shoppers

The Telegraph  

Morrisons and Asda have revealed a string of price cuts as the supermarkets position themselves as the cheapest option during the cost of living crisis. Morrisons is slashing the cost of more than 500 items, or around 6pc of its range, with prices set to fall on cereal, rice, eggs and coffee to fall by an average 13pc. The average …

It took a hedge fund to highlight tragedy behind apparently dry inflation figures
4 years ago

It took a hedge fund to highlight tragedy behind apparently dry inflation figures

The Independent  

CPI data can often appear abstract but this data reveals the very real, and in many cases tragic, events playing out on the high street.” We tend to view hedge funds as aloof, callous and disconnected from the rest of a society they look down on from their glittering eyries. Yet of all the comments I saw opining on the …

Brexit: Food prices will not be a mere ‘bump in the road’
4 years ago

Brexit: Food prices will not be a mere ‘bump in the road’

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

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