Grocery price inflation slowdown stumbles as supermarkets offer fewer deals
11 months, 1 week ago

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals

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. Grocery prices were 6.8% more expensive than a year ago in January, only a slight easing from December’s 6.9% and a significant drop-off in pace compared with the 2.2 percentage point decrease seen between November and December, according to analysts Kantar. “Retailers have taken their foot off the promotions gas slightly as we’ve come into the new year, and that’s meant inflation hasn’t fallen as quickly.” Kantar’s research suggested consumers were opting for more homemade meals to keep budgets in line, with 86 million more lunchboxes brought to work last year. People are now buying more of the typical January ‘health kick’ items throughout the year - 9% of annual own label plant-based sales were made in January in 2023, a steady decline compared with the 11% of sales in 2020 Fraser McKevitt, Kantar Spending on alcohol fell by more than half compared with December, with almost 6% of beer packs sold this month either no or low-alcohol options, a jump from 4% at the end of last year. “That’s because people are now buying more of the typical January ‘health kick’ items throughout the year – 9% of annual own label plant-based sales were made in January in 2023, a steady decline compared with the 11% of sales in 2020.” Both Sainsbury’s and Tesco gained market share over the quarter compared with a year ago, increasing sales by 8.1% and 6.3% respectively.

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History of this topic

Holiday shoppers increased spending by 3.8% despite higher prices
Trending News
1 week, 6 days ago

Holiday shoppers increased spending by 3.8% despite higher prices

Associated Press  

Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit …

'Shocking development': New York Times reporter reveals what is driving huge sales numbers
1 week, 6 days ago

'Shocking development': New York Times reporter reveals what is driving huge sales numbers

Raw Story  

Consumers set a massive record in holiday sales as people finally began to feel the pressure of inflation ease, New York Times business and policy reporter Lauren Hirsch told MSNBC's Jessica Layton on Thursday. This follows a number of other reports from retailers showing healthy sales — and not just the traditionally solid online stores, they noted, but, in a …

Last-minute Christmas shopping takes a dive as buyers feel the squeeze
Trending News
2 weeks, 1 day ago

Last-minute Christmas shopping takes a dive as buyers feel the squeeze

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 Last-minute Christmas shopping saw a downturn this year as high …

Supermarket Christmas chaos as online orders are cancelled, home deliveries are late and furious customers are unable to use discounts on food shops
Trending News
2 weeks, 2 days ago

Supermarket Christmas chaos as online orders are cancelled, home deliveries are late and furious customers are unable to use discounts on food shops

Daily Mail  

Morrisons has triggered Christmas chaos after cancelling home deliveries and festive shops for scores of Britons, leaving families furious. The shopping chain said its More rewards card is facing difficulties, with customers unable to get discounts on their food shops. Morrisons customers are facing chaos after the retailer for forced to cancel their shopping orders just two days before Christmas …

Retail sales rose at healthy pace last month in latest sign of U.S. economy’s health
3 weeks, 1 day ago

Retail sales rose at healthy pace last month in latest sign of U.S. economy’s health

LA Times  

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season. Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October’s 0.5% gain. Analysts envisioned a solid holiday shopping season, though perhaps not as robust as last …

US wholesale inflation surged higher in November
Trending News
3 weeks, 6 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

Rising costs of used cars and groceries push US inflation higher in November
4 weeks ago

Rising costs of used cars and groceries push US inflation higher in November

India Today  

WASHINGTON: Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source …

Price warning as 17-month run of falling shop inflation ends
1 month, 1 week ago

Price warning as 17-month run of falling shop inflation ends

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 A 17-month-long run of falling shop inflation has ended, with …

US consumers to bargain hunt in annual 'Black Friday' spree
1 month, 2 weeks ago

US consumers to bargain hunt in annual 'Black Friday' spree

Deccan Chronicle  

NEW YORK: US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded. Americans are "ready to open their wallets this holiday season," said the Conference Board ahead of Black Friday -- the day after Thanksgiving, which this year, falls on November 28 -- that …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 3 weeks ago

Retail sales up solidly in October as Americans showed continued willingness to spend

Associated Press  

WASHINGTON — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. “People may not love how much it costs to go …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 3 weeks ago

Retail sales up solidly in October as Americans showed continued willingness to spend

LA Times  

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. Sales in some categories fell — furniture stores, clothing outlets and drug …

​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

Grocery inflation rises as supermarket trips hit four-year high
1 month, 3 weeks 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 …

Aldi announces 11 new store openings as Christmas supermarket wars begin - is one coming to YOUR town?
2 months ago

Aldi announces 11 new store openings as Christmas supermarket wars begin - is one coming to YOUR town?

Daily Mail  

Aldi today revealed the locations of 11 new supermarkets it plans to open across Britain over the coming weeks before Christmas, including a store in London. 11 Aldi stores opening before Christmas 2024 Bilston Street, Sedgley, West Midlands – November 2024 Oakwell Road, Castle Douglas, Dumfries and Galloway – November 2024 Tanbridge Retail Park, Horsham, West Sussex – November 2024 …

Target Cuts Prices on 2,000 Items in a Price War Ahead of Holiday Season
2 months, 2 weeks ago

Target Cuts Prices on 2,000 Items in a Price War Ahead of Holiday Season

CNN  

Target is slashing prices on 2,000 items ahead of the holiday shopping season. Some prices have dropped effective immediately on a number of items, including home goods, beauty products, food, beverages and toys. The new round of cuts affects name brands like Lego and Coffee Mate, as well as its house brands. Target will continue the price cuts through December.

Major UK retailer increases its market share to highest level in seven years as supermarkets fight for customers amid inflation rises
3 months ago

Major UK retailer increases its market share to highest level in seven years as supermarkets fight for customers amid inflation rises

Daily Mail  

Tesco has increased its market share to its highest level in seven years as retailers attempt to manage growth amid continued inflation rises. In new figures, it has been revealed that Britain's largest retailer now boasts a market share of 28 per cent, up over half a per cent from this time last year. Meanwhile, other supermarket giants such as …

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 …

Falling inflation, football and fake tan shape grocery spending, figures show
5 months, 3 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 …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 3 weeks ago

Food prices are no longer rising as much — but here's why it might not feel that way

NPR  

Food prices are no longer rising as much — but here's why it might not feel that way toggle caption Justin Sullivan/Getty Images North America Grocery prices are no longer climbing as much as they did in the last two years — but many Americans are still frustrated by what it costs to put food on the table. Here are …

Sticker shock: How the supermarket has become a potent symbol of inflation in America
5 months, 4 weeks ago

Sticker shock: How the supermarket has become a potent symbol of inflation in America

NPR  

Sticker shock: How the supermarket has become a potent symbol of inflation in America toggle caption Chase Castor for NPR For Ellie Currence, every trip to the grocery store brings a moment of sticker shock. "Everything is more expensive, which is a huge bummer because it's the essentials I need," says Currence, who lives in Belton, Mo., outside Kansas City. …

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?
5 months, 4 weeks ago

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?

ABC  

Australia's struggling retail sector has been given a glimmer of hope, with rolling sales encouraging shoppers to spend — but economists warn that it may come with the price of another interest rate hike by the Reserve Bank. The recent jump in retail spending, boosted by clothing and footwear retailers offering big discounts and earlier-than-usual sales seasons, has increased expectations …

If supermarket inquiries alone provided cost-of-living relief, groceries would already be cheaper at the check-out
6 months, 2 weeks ago

If supermarket inquiries alone provided cost-of-living relief, groceries would already be cheaper at the check-out

ABC  

It was always going to be a matter of when, not if, Coles and Woolworths would fall from the public's good graces. The tactics Coles and Woolworths use to keep prices high, and competitors out Photo shows A number of illustrations of grocery items, like milk, apples, sausages, around two 'specials' signs 'half price' and '40% off'. ACCC to investigate …

Discounting is back in fashion, as Americans get tired of paying more
7 months, 1 week ago

Discounting is back in fashion, as Americans get tired of paying more

NPR  

Discounting is back in fashion, as Americans get tired of paying more toggle caption Scott Olson/Getty Images After two years of paying more for things, Americans are growing more cautious about how they spend their money and are forcing retailers to offer more discounts. “It’s a cautious consumer,” said CEO Todd Vasos, describing Dollar General's typical shopper. That newfound caution …

Why Target, Aldi and Walmart are lowering prices for grocery staples
7 months, 2 weeks ago

Why Target, Aldi and Walmart are lowering prices for grocery staples

Daily Mail  

Think Target - which this morning reported another drop in its sales - and other supermarkets are lowering grocery prices just to help you? Target said Monday it is lowering prices on 5,000 everyday products from milk to diapers as the big-box retailer looks to win customers from Walmart. 'We know consumers are feeling pressured to make the most of …

Why Target, Aldi, Walmart and others are really lowering prices for supermarket staples
7 months, 2 weeks ago

Why Target, Aldi, Walmart and others are really lowering prices for supermarket staples

Daily Mail  

Think Target - which this morning reported another drop in its sales - and other supermarkets are lowering grocery prices just to help you? Target said Monday it is lowering prices on 5,000 everyday products from milk to diapers as the big-box retailer looks to win customers from Walmart. 'We know consumers are feeling pressured to make the most of …

Retail sales were unchanged in April from March as inflation and interest rates curb spending
7 months, 3 weeks ago

Retail sales were unchanged in April from March as inflation and interest rates curb spending

Associated Press  

NEW YORK — Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. Retail sales were unchanged, coming in well below economists’ expectations, and follow a revised 0.6% pace in March, according to Commerce Department data released Wednesday. The retail sales figure came out on the …

Shoppers save £1.3 BILLION (£46 each a month) by hunting out supermarket deals, figures show
8 months, 2 weeks ago

Shoppers save £1.3 BILLION (£46 each a month) by hunting out supermarket deals, figures show

Daily Mail  

Shoppers saved £1.3 billion – an average of £46 per household – by hunting out supermarket deals in the past month, new figures have shown. Around three in ten or 29.3 per cent of items were bought through some sort of promotion, which has been primarily promoted through Supermarkets loyalty card schemes, such as Tesco's Clubcard and Sainsbury's Nectar card. …

Shopper exposes massive price difference after doing her weekly supermarket trip to both Coles and Aldi: 'Truly unbelievable'
8 months, 2 weeks ago

Shopper exposes massive price difference after doing her weekly supermarket trip to both Coles and Aldi: 'Truly unbelievable'

Daily Mail  

An Australian shopper has exposed the massive price difference she noticed after shopping at both Aldi and coles. Mum Lidia always shops at Aldi first to buy most of the items on her grocery list, before visiting Coles to grab a few extra products. Mum Lidia always shops at Aldi first to buy the bulk of her grocery list before …

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs
8 months, 2 weeks ago

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs

Daily Mail  

Hopes of an Easter bounce for shops have been dashed after retail sales flatlined last month. In a small bright spot, February's retail sales data was revised up from a previous estimate of zero growth to 0.1 per cent. ONS senior statistician Heather Bovill said: 'Retail sales registered no growth in March. 'However, these gains were offset by falling food …

How the rate of inflation has changed for everyday items
8 months, 3 weeks ago

How the rate of inflation has changed for everyday items

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 fell to a fresh …

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
8 months, 3 weeks ago

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

Associated Press  

NEW YORK — Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month — almost double what economists had forecast — after rising 0.9% in February, according to Commerce Department data released Monday. This is one of the strongest retail sales reports we’ve …

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 …

Battle for customers drives down UK shop inflation
9 months 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 …

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy
9 months, 3 weeks ago

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy

Associated Press  

NEW YORK — Americans picked up their spending a bit in February after pulling back the previous month. Retail sales rose 0.6% last month after falling a revised 1.1% in January, dragged down in part by inclement weather, according to the Commerce Department’s report on Thursday. February’s number was also lifted in part by higher gas prices as well as …

Supermarket price gouging: Rise in farmers selling directly to customers
10 months, 1 week ago

Supermarket price gouging: Rise in farmers selling directly to customers

Daily Mail  

A growing number of Aussie farmers want shoppers to buy directly from them as supermarkets come under increased scrutiny due to rising prices. Pictured is Bianca Tarrant and Dave McGiveron, founders of farm-direct service Our Cow A growing number of Australians are opting to use farm-direct delivery services than buy their weekly shop at major supermarkets like Coles and Woolworths …

Supermarket changes hundreds of products in battle against Aldi and Lidl
10 months, 2 weeks ago

Supermarket changes hundreds of products in battle against Aldi and Lidl

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 Morrisons has become the latest supermarket to try to win …

America’s economy slowed—it probably won’t stumble
10 months, 3 weeks ago

America’s economy slowed—it probably won’t stumble

Live Mint  

The U.S. economy took a breather in January following brisk growth at the end of last year, but it remains fundamentally healthy. Technical issues with how the retail sales data was seasonally adjusted might have weighed on the reading, and cold weather in January likely had an impact on both retail sales and industrial production. Within the retail sales report, …

How inflation has hit your shopping basket
10 months, 3 weeks ago

How inflation has hit your shopping basket

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. A slowing of inflation among many everyday food and drink items, including cheese and …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 3 weeks ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

Which everyday items have seen a rise in inflation – and where has it eased?
11 months, 3 weeks ago

Which everyday items have seen a rise in inflation – and where has it eased?

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. Average prices for cigarettes increased by 15.7% in the …

Wholesale inflation increases to 0.73 per cent in December on rising food prices
11 months, 3 weeks ago

Wholesale inflation increases to 0.73 per cent in December on rising food prices

India TV News  

The Wholesale Price Index -based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices. The Commerce and Industry Ministry, in a statement on January 15, explained that the positive inflation rate in December 2023 is mainly due to higher prices of food articles, machinery and equipment, other manufacturing, other transport equipment, and computer, …

Asda promises to price match Aldi and Lidl on nearly 300 grocery items
1 year ago

Asda promises to price match Aldi and Lidl on nearly 300 grocery items

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. Asda said it will check the prices of comparable …

Grocery inflation sees fastest monthly drop as households spend all-time high
1 year ago

Grocery inflation sees fastest monthly drop as households spend all-time high

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 Supermarket inflation has seen its …

Food price inflation falls at fastest rate on record
1 year ago

Food price inflation falls at fastest rate on record

The Telegraph  

Mr McKevitt said cost of living pressures were forcing more shoppers to hunt out discounts, with almost a third of all spending in the weeks before Christmas made on items that were on offer at the tills. He added: “Retailers were clearly working hard during the festive period to offer best value and win over shoppers, and promotions were central …

Aldi and Lidl cheer record-breaking festive sales
1 year ago

Aldi and Lidl cheer record-breaking festive 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. Its fellow German-owned rival Lidl also claimed its best …

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
1 year ago

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Associated Press  

NEW YORK — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. “While consumers continue to face hurdles from higher borrowing costs, tighter credit conditions and elevated prices, a still-strong labor market, a positive trend in incomes and an easing in price pressures should …

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 …

Behind Black Friday’s crowds lie stories of consumers squeezed by inflation
1 year, 1 month ago

Behind Black Friday’s crowds lie stories of consumers squeezed by inflation

LA Times  

Months of punishing inflation have pushed East Hollywood resident Diane Roque to economize by canceling her family’s cable subscription and prioritizing cooking at home. “Now it’s very online-focused, and we’re really looking to see the online velocity surge on the major days like Black Friday and Cyber Monday,” said Vivek Pandya, lead analyst at Adobe Digital Insights. “They’re stretching out …

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