Britain spends £13bn on festive party at supermarkets – but inflation leaves nasty hangover
1 week ago

Britain spends £13bn on festive party at supermarkets – but inflation leaves nasty hangover

The Independent  

In defiance of winter skies and economic gloom, Britons ate, drank and were merry over Christmas – pouring a staggering £13bn into grocers’ tills over the four weeks to 29 December. In the three months to December – the “golden quarter” in which retailers make their money – sales growth was a dismal 0.4 per cent year on year. food sales fared better over the Christmas period, ticking up slightly from the previous year,” said Helen Dickinson, the BRC’s chief executive who took the opportunity to take a fresh shot at Rachel Reeves’ decision to increase employer national insurnace contributions. This latest rise comes on top of the previous sharp increase in food prices recorded during the inflationary spike of 2022/23 when the official figure peaked at a horrific 19.2 per cent. If food price inflation continues to heat up, Britain’s £13bn Christmas party will come with quite the hangover.

Inflation Tesco Kantar  tesco  national  inflation  supermarkets  food  party  nasty  better  christmas  britain  13bn  prices  leaves  cent  spends  hangover  sales  festive  retailers

History of this topic

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices
2 hours, 34 minutes ago

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

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. Two thirds of 52 chief financial officers surveyed for …

Grocery inflation rises as supermarket trips hit four-year high
2 months ago

Grocery inflation rises as supermarket trips hit four-year 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. Supermarket prices were 2.3% higher than a year ago last month, up slightly on …

A Third of UK Prices Basket Is in Deflation, Analysis Finds
2 months, 1 week ago

A Third of UK Prices Basket Is in Deflation, Analysis Finds

Live Mint  

A third of Britain’s official “shopping basket” has slipped into deflation, providing another green light for the Bank of England to cut interest rates. The analysis of the UK inflation basket suggests that the cooling in price pressures is at least for now becoming more widespread, welcome news for Prime Minister Keir Starmer’s new Labour government. “Firms are more reluctant …

UK inflation stays at 2% despite surge in hotel prices
5 months, 4 weeks ago

UK inflation stays at 2% despite surge in hotel prices

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 Inflation in the UK held …

Falling inflation, football and fake tan shape grocery spending, figures show
5 months, 4 weeks ago

Falling inflation, football and fake tan shape grocery spending, figures show

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 Falling inflation, football and fake …

31%: The surge in food prices irking voters in the UK election
6 months, 1 week ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

UK inflation rate back down to 2%
6 months, 3 weeks ago

UK inflation rate back down to 2%

China Daily  

FILE PHOTO: A tourist shelters from the rain under an Union Jack umbrella near the Bank of England in the City of London financial district in London, Britain, February 13, 2024. The United Kingdom's ruling Conservative Party got some rare good news on Wednesday, when the country's inflation rate eased back down to the Bank of England's 2 percent target …

Research finds horrifying cost of a pint in 2040 if inflation stays at recent levels
6 months, 3 weeks ago

Research finds horrifying cost of a pint in 2040 if inflation stays at recent levels

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. Drinkers have already had to swallow a 28 per cent …

UK inflation falls to lowest level since late 2021 as food prices ease further
8 months, 4 weeks ago

UK inflation falls to lowest level since late 2021 as food prices ease further

Associated Press  

LONDON — Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices, official figures showed Wednesday, a development which could further pave the way for a welcome cut in interest rates soon. Inflation is set to fall further in April, possibly to below 2%, as a …

Battle for customers drives down UK shop inflation
9 months, 1 week ago

Battle for customers drives down UK shop inflation

China Daily  

Competition for customers between retailers has played a big part in shop price inflation in the United Kingdom falling to its lowest level in two years, newly published figures have revealed. Food inflation dropped from 5 percent to 3.7 percent, and non-food inflation plummeted down from 1.3 percent to 0.2 percent, as retailers battled to win over customers who have …

Cost of traditional Christmas dinner for four ‘up by just 1.3% on last year’
1 year, 1 month ago

Cost of traditional Christmas dinner for four ‘up by just 1.3% on last year’

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 The cost of a traditional …

Fears of rising energy bills and a costly Christmas lead consumers to cut back
1 year, 2 months ago

Fears of rising energy bills and a costly Christmas lead consumers to cut back

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 Fears of rising energy bills and a particularly expensive Christmas …

UK’s food price inflation slows to lowest level this year amid falling prices for staples
1 year, 5 months ago

UK’s food price inflation slows to lowest level this year amid falling prices for staples

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 Food price inflation has slowed to its lowest level this …

UK inflation falls as prices rise less than expected
1 year, 5 months ago

UK inflation falls as prices rise less than expected

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Ramsden said if there is evidence of “more persistent” inflation ahead of the Bank’s …

Brexit has cost UK households £250 in higher food bills, experts claim
1 year, 7 months ago

Brexit has cost UK households £250 in higher food bills, experts claim

The Independent  

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Grocery price inflation drops slightly but remains sky-high
1 year, 7 months ago

Grocery price inflation drops slightly but remains sky-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. While the figures suggest that inflation is moving in the right direction the 0.1 …

UK inflation: Why are food prices rising so much?
1 year, 8 months ago

UK inflation: Why are food prices rising so much?

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. But food prices increased to 15.7 per cent, the highest …

UK inflation remains over 10% as food prices rise
1 year, 8 months ago

UK inflation remains over 10% as food prices rise

Associated Press  

LONDON — The price of food in the U.K. rose at the fastest pace in 45 years last month in, keeping inflation above 10% for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers. Food prices jumped 19.2% in the 12 months through February, the biggest increase since August 1977, the …

Inflation eases back further, but food prices continue to soar
1 year, 11 months ago

Inflation eases back further, but food prices continue to soar

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 UK inflation eased back further …

UK inflation eases for a 2nd month, falling to 10.5%
1 year, 11 months ago

UK inflation eases for a 2nd month, falling to 10.5%

Associated Press  

LONDON — U.K. inflation eased for a second month in December, boosting confidence that the cost-of-living crisis has peaked. “While any fall in inflation is welcome, we have a plan to go further and halve inflation this year, reduce debt and grow the economy — but it is vital that we take the difficult decisions needed and see the plan …

Stores face questions as price of basic groceries soars by 30%
1 year, 11 months ago

Stores face questions as price of basic groceries soars by 30%

Daily Mail  

Basic groceries, such as milk, butter and cheese, are seeing price rises of up to 30 per cent – sparking suspicions of supermarket profiteering. It found food and drink inflation was at 15 per cent overall across the UK’s eight biggest supermarkets in the year to December. But the consumer watchdog said shoppers believe stores should do more to help …

UK inflation falls from 41-year high, easing more than expected
2 years, 1 month ago

UK inflation falls from 41-year high, easing more than expected

Hindustan Times  

UK inflation dipped from a 41-year high in November, raising the possibility that the worst of the cost-of-living squeeze is over. “While these figures suggest inflation has peaked, it nevertheless remains at a precariously high rate which is having a real impact on people and businesses,” said Suren Thiru, economics director at the Institute of Chartered Accountants in England & …

Cost of Christmas dinner to leap by 20% as supermarket food prices rise, analysis suggests
2 years, 1 month ago

Cost of Christmas dinner to leap by 20% as supermarket food prices rise, analysis suggests

The Independent  

The average cost of Christmas dinner will rise by more than 20 per cent this year, according to analysis of major supermarkets’ food prices. She added: “While there are signs that cost pressures and price rises might start to ease in 2023, Christmas cheer will be dampened this year as households cut back on seasonal spending to prioritise the essentials.” …

UK inflation accelerates to 41-year high of 11.1%
2 years, 1 month ago

UK inflation accelerates to 41-year high of 11.1%

Associated Press  

LONDON — Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday. Higher prices for food and energy drove Britain’s inflation rate to the highest since October 1981, the ONS said. “Tomorrow I will set out a …

UK inflation accelerates to 41-year high of 11.1%
2 years, 1 month ago

UK inflation accelerates to 41-year high of 11.1%

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 Britain’s inflation rate rose to …

UK inflation jumps to 41-year high of 11.1% as food prices soar
2 years, 1 month ago

UK inflation jumps to 41-year high of 11.1% as food prices soar

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. Tomorrow I will set out a plan to get debt falling, deliver stability, and …

Inflation in Britain accelerates to 11.1% — a 41-year high
2 years, 1 month ago

Inflation in Britain accelerates to 11.1% — a 41-year high

LA Times  

Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the cost-of-living crisis. Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday. Higher prices for food …

UK inflation accelerates to 40-year high as food prices rise
2 years, 2 months ago

UK inflation accelerates to 40-year high as food prices rise

Associated Press  

LONDON — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents. “In today’s society, I find that completely unacceptable.” Hunt this week told the House of Commons that the government would …

UK inflation rises back to 40-year high of 10.1% as food prices soar
2 years, 2 months ago

UK inflation rises back to 40-year high of 10.1% as food prices soar

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 Inflation has returned to a …

UK inflation back at 40-year high as food prices soar
2 years, 2 months ago

UK inflation back at 40-year high as food prices soar

CNN  

London CNN Business — Rising food and energy costs drove UK inflation back to a 40-year high in September, but it could be nearing a peak as cash-strapped households pull back on spending amid broader economic turmoil. Responding to the latest inflation figures, Hunt said the government “will prioritize help for the most vulnerable while delivering wider economic stability and …

Food inflation hits record level as prices rise 10.6% in a year
2 years, 3 months ago

Food inflation hits record level as prices rise 10.6% in a year

The Independent  

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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 …

'Highest rate on record': Inflation in UK marts touches sky
2 years, 4 months ago

'Highest rate on record': Inflation in UK marts touches sky

Hindustan Times  

Prices in British shops rose at the highest rate since at least 2005 this month as Britons battled soaring costs on everything from gasoline to crisps. Shoppers are doing everything they can to save money at the checkout, including opting for discount supermarkets, choosing own-brand products and buying less food. Bracing for a tough time Shoppers are doing everything they …

UK inflation surges to new 40-year high of 10.1% in July on soaring food, energy price
2 years, 4 months ago

UK inflation surges to new 40-year high of 10.1% in July on soaring food, energy price

Firstpost  

The Bank of England warned earlier this month that UK inflation would climb to just above 13 per cent this year, which would be the highest level since 1980 London: British inflation surged to a new 40-year high in July on soaring food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of …

UK inflation reaches 10.1% on soaring food, energy costs
2 years, 4 months ago

UK inflation reaches 10.1% on soaring food, energy costs

Associated Press  

LONDON — Britain’s inflation rate rose to a new 40-year high of 10.1% in July, a faster pace than in the U.S. and Europe as climbing food prices in the United Kingdom tightened a cost-of-living squeeze fueled by the soaring cost of energy. “We wouldn’t rule out another hike in November.” Inflation is surging in many countries as Russia’s war …

At 10.1%, UK inflation hits double digits for the first time in 40 years
2 years, 4 months ago

At 10.1%, UK inflation hits double digits for the first time in 40 years

Hindustan Times  

UK inflation accelerated more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England. “Food prices rose notably, particularly bakery products, dairy, meat and vegetables, which was also reflected in higher takeaway prices,” said Grant Fitzner, chief economist at the ONS. “Price …

UK inflation jumps to new 40-year high
2 years, 4 months ago

UK inflation jumps to new 40-year high

Al Jazeera  

British consumer price inflation jumped to 10.1 percent in July, its highest since February 1982, up from an annual rate of 9.4 percent in June, intensifying the squeeze on households, according to official figures. It forecast inflation would peak at 13.3 percent in October, when regulated household energy prices are next due to rise. Global inflation Wednesday’s figures from the …

UK inflation hits 10% as cost-of-living crisis accelerates
2 years, 4 months ago

UK inflation hits 10% as cost-of-living crisis accelerates

CNN  

CNN Business — Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and piling further pain on households already struggling to pay their bills. Soaring food prices — up 12.7% since July 2021 — were the largest single contributor to the acceleration in inflation, the ONS said. “All …

UK inflation surges to new 40-year high of 9.4%
2 years, 5 months ago

UK inflation surges to new 40-year high of 9.4%

Associated Press  

LONDON — Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis. Bank of England Governor Andrew Bailey said Tuesday that the bank is likely to consider raising interest rates by half a percentage point at its next meeting to help control inflation. “Here, …

UK inflation surges to new 40-year high of 9.4%
2 years, 5 months ago

UK inflation surges to new 40-year high of 9.4%

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 Inflation in the United Kingdom …

Inflation is making the English breakfast even more indulgent
2 years, 6 months ago

Inflation is making the English breakfast even more indulgent

Live Mint  

Preparing English breakfasts is around 18% more expensive than a year ago, in yet another indicator of how the cost-of-living crisis is squeezing UK household budgets. Buying fry-up supplies – toast, butter, eggs, sausages and bacon, together with coffee and tea -- will set back consumers by an average of £19.1, almost £3 more than in the comparable period last …

UK inflation rate hits new 40-year high of 9.1%
2 years, 6 months ago

UK inflation rate hits new 40-year high of 9.1%

Associated Press  

LONDON — Britain’s inflation rate hit a new 40-year high of 9.1% in the 12 months to May, figures showed Wednesday, as Russia’s war in Ukraine drove food and fuel prices ever higher. Chief economist Grant Fitzner said “continued steep food price rises and record high petrol prices were offset by clothing costs rising by less than this time last …

UK inflation hits 9.1%, the highest rate in the G7
2 years, 6 months ago

UK inflation hits 9.1%, the highest rate in the G7

CNN  

Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch. Historical records from the Office for National Statistics show May’s inflation was the highest since March 1982 — and worse is likely to come. “With the …

Food prices push UK inflation to 40-year high of 9.1 percent
2 years, 6 months ago

Food prices push UK inflation to 40-year high of 9.1 percent

Al Jazeera  

The Bank of England says worse is yet to come as the UK records the highest inflation rate out of the G7 countries. Rising food prices pushed the United Kingdom’s consumer price inflation to a 40-year high of 9.1 percent last month, the highest rate out of the Group of Seven countries. “With the economic outlook so unclear, no one …

Shoppers face £380 jump in grocery bills this year as inflation surges
2 years, 6 months ago

Shoppers face £380 jump in grocery bills this year as inflation surges

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. Retail data company Kantar said …

UK inflation rises at the fastest pace in 30 years
2 years, 9 months ago

UK inflation rises at the fastest pace in 30 years

Associated Press  

LONDON — British consumer prices rose at the fastest pace in 30 years last month, fueled by soaring costs for household energy and motor fuels — the latest grim figures as inflation surges around the world. The U.K. faces what economists say will be the biggest drop in living standards since the mid-1950s as rocketing energy costs, rising food prices …

UK inflation: Prices rise at fastest pace in 10 years as economy stalls
3 years, 1 month ago

UK inflation: Prices rise at fastest pace in 10 years as economy stalls

CNN  

London CNN Business — Talk of stagflation has been brewing for months. Tombs said the shock inflation numbers are “uncomfortably high” for the Bank of England, which would normally respond to surging inflation by hiking interest rates from the record low of 0.1%. “The quick ascent of … inflation over the last four months probably will not panic the into …

Price rises hit Christmas shopping
3 years, 1 month ago

Price rises hit Christmas shopping

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. With food prices rising, and particularly fresh food - …

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