Inflation in supermarkets to peak this summer at the earliest, economists say
1 year, 9 months ago

Inflation in supermarkets to peak this summer at the earliest, economists say

NL Times  

Groceries in the supermarket, and activities like dinner at a restaurant or going on vacation will likely continue to become more expensive in the coming months. "And for services like hotels and restaurants, it will probably only happen later on, because their prices are mainly driven by wages," says ING economist Marcel Klok. Jan-Paul van de Kerke from ABN Amro notes that consumers are still spending a great deal of money, despite the fact that many products already increased substantially in price last year. Economists believe this is mainly because manufacturers delayed passing on price increases caused by increasing energy prices and more expensive raw materials. Due to the depressing effect of energy prices and the expectation that the inflation peak for groceries and services will be reached at some point, they expect a substantial decline in annual inflation compared to last year.

Energy Inflation Prices Price Energy Prices Ing Klok  energy  peak  earliest  prices  supermarkets  services  raw  price  summer  economists  uncertainty  subject  inflation  supermarket  say

History of this topic

Food prices are on the rise again. What’s behind the increase
1 week, 2 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
1 week, 6 days ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

Energy costs push UK inflation to 2.3 percent
1 month ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

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

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 1 week ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

Why the rise in inflation might actually be... good news
4 months, 1 week ago

Why the rise in inflation might actually be... good news

The Independent  

Inflation is up… and that’s, erm, good news. A small cut in the Bank rate from the current 5 per cent to, say, 4.75 per cent in September, October or November is slightly more likely now than it seemed yesterday. Prices overall on this definition rose by 3.3 per cent in the year to July 2024 – down from 3.5 …

Wholesale price increases accelerated in April as inflation remains sticky
7 months, 1 week ago

Wholesale price increases accelerated in April as inflation remains sticky

Associated Press  

WASHINGTON — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. The Labor Department said Tuesday that its producer price index — which tracks price changes before they reach consumers — climbed 0.5% from March to April, after it dipped 0.1% the previous …

How the rate of inflation has changed for everyday items
8 months, 1 week 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 …

How inflation has hit your shopping basket
10 months, 1 week 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, 1 week 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 …

2024 brings breather on inflation but food prices are still sticky
10 months, 1 week ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

Acceleration foretold: On volatile food prices
1 year ago

Acceleration foretold: On volatile food prices

The Hindu  

November’s resurgence in headline retail inflation, while clearly not unexpected after the RBI just last week predicted a likely ‘uptick’, is a stark reminder of the risks volatile food prices pose. While the National Statistical Office’s provisional reading of headline inflation shows the Consumer Price Index rose by 5.55% year-on-year to a three-month high, from October’s 4.87%, food price gains …

Inflation cooled to 5% in September
1 year, 2 months ago

Inflation cooled to 5% in September

The Hindu  

India’s retail inflation eased from 6.83% in August to 5.02% in September, breaking a two-month streak over the tolerance threshold of the Reserve Bank of India, with the rise in food prices easing to 6.6% from almost 10%. Rural inflation stood at 5.33% in September, compared to 7% in August, while the price rise faced by urban consumers moderated more …

Govt.’s pre-emptive measures will cool food prices: Finance Ministry
1 year, 4 months ago

Govt.’s pre-emptive measures will cool food prices: Finance Ministry

The Hindu  

The Finance Ministry of Tuesday, August 22, 2023, said the inflation in food items is likely to be transitory as pre-emptive measures by the government and arrival of fresh crops will cool prices, even though global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months. The consumer price index based retail inflation spiked to a 15-month …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

Retail inflation surges to 7.44% in July
1 year, 4 months ago

Retail inflation surges to 7.44% in July

The Hindu  

Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. Wholesale prices Wholesale prices remained in deflationary mode for the fourth month in a row in July, but prices of food and primary articles spiked by over 7.5%, narrowing the overall price dip sharply to -1.36% from the …

MPC tries to strike a balance
1 year, 4 months ago

MPC tries to strike a balance

Hindustan Times  

That the Monetary Policy Committee of the Reserve Bank of India would not change interest rates or its monetary policy stance this week was widely expected. The MPC’s upward revision of the September quarter inflation forecast by a percentage point from 5.2% to 6.2%, and the fiscal year 2023-24 inflation forecast from 5.2% to 5.4% underlines this belief. Friday’s MPC …

Inflation rises to 4.81% but factory output surprises positively with 5.2% growth
1 year, 5 months ago

Inflation rises to 4.81% but factory output surprises positively with 5.2% growth

Hindustan Times  

After moderating for four months, retail inflation grew higher-than-expected in the month of June on the back of higher food prices. HT Image Retail inflation, as measured by the Consumer Price Index, grew 4.81% in June, compared to a 25-month low of 4.31% in May. Even on a sequential basis, the CPI index grew 1% in June from May, the …

Food prices drive retail inflation to 3-month high of 4.81%
1 year, 5 months ago

Food prices drive retail inflation to 3-month high of 4.81%

Hindustan Times  

Consumers will feel the pain of high food at least until September, analysts said on Wednesday, as the knock-on effects of last year’s lower output of key staples and torrential rains this month hammered household budgets. Read here: Retail inflation in June reaches a 3-month high of 4.81% on rising food prices Food inflation, as measured by the consumer food …

June 2023 inflation quickens to 4.8% as food prices climb
1 year, 5 months ago

June 2023 inflation quickens to 4.8% as food prices climb

The Hindu  

India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs faced by households for items like cereals, pulses, milk and tomatoes. While the pace of consumer price rise in June broke a …

Europe sees inflation drop to 6.1%, but real relief for consumers will take months
1 year, 6 months ago

Europe sees inflation drop to 6.1%, but real relief for consumers will take months

Associated Press  

FRANKFURT, Germany — Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. “Otherwise, you sometimes make impulse purchases.” The food bank at Berlin’s St. Wilhelm Roman Catholic Church, meanwhile, has gone from …

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 …

Food prices set to come back down soon, supermarket chiefs promise
1 year, 7 months ago

Food prices set to come back down soon, supermarket chiefs promise

The Independent  

Supermarket bosses are said to have told Rishi Sunak’s government that food price inflation has already peaked and costs to the consumer will start to fall in the coming months. It comes after the Bank of England food price pressures had proved more “sticky” than expected as UK inflation remains “stubbornly high”. Top supermarkets assured chief secretary to the Treasury …

Retail inflation eases to 4.7% in April
1 year, 7 months ago

Retail inflation eases to 4.7% in April

The Hindu  

India’s retail inflation slid to an 18-month low of 4.7% in April, staying below the Reserve Bank of India’s 6% tolerance threshold for price rise for the second successive month, aided by the base effects from last April when it had hit an eight-year high of 7.8%. “The 4.7% inflation print in April not only benefited from the high base …

UK inflation: Why are food prices rising so much?
1 year, 7 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 …

DC EDIT | Wholesale inflation dip good
1 year, 8 months ago

DC EDIT | Wholesale inflation dip good

Deccan Chronicle  

The Wholesale Price Index has shown a dip in overall inflation to a low of 29 months, which is a positive for the people, economy and the government. The WPI data point of 1.34 per cent in March, which saw a significant drop 3.85 per cent in February, is in congruence with retail inflation, which also fell down last month …

Consumer inflation eases to 5.66% in March
1 year, 8 months ago

Consumer inflation eases to 5.66% in March

The Hindu  

India’s retail inflation slid below the 6% mark for the first time in 2023 — and only the third time in the last 15 months — to touch 5.66% in March 2023. Food price inflation, which was 7.7% in March 2022 and 6% in February this year, eased to 4.8% last month, as per data from the National Statistical Office. …

Why economists think RBI will further raise interest rates, making retail loans costlier
1 year, 8 months ago

Why economists think RBI will further raise interest rates, making retail loans costlier

India Today  

High inflation continues to be a threat, and that could prompt the Reserve Bank of India to hike interest rates by another 25 basis points following the three-day meeting of the central bank’s monetary policy committee ending April 6. Core inflation at 6.1 per cent remains elevated and sticky with relatively high inflation across clothing and footwear, health, personal care …

Food prices jump 18.4% in a year; Clothing 11.8% more expensive
1 year, 9 months ago

Food prices jump 18.4% in a year; Clothing 11.8% more expensive

NL Times  

Food in the Netherlands cost 18.4 percent more in February than a year earlier. While energy prices are no longer skyrocketing, the higher energy prices still indirectly contribute to inflation, ABN Amro economist Aggie van Huisseling told RTL Nieuws. And gas prices are still higher than a year ago, Van Huisseling explained. Higher clothing prices also drove up inflation, but …

Inflation to remain high, economic growth will slow down, economists say
1 year, 9 months ago

Inflation to remain high, economic growth will slow down, economists say

NL Times  

Inflation in the Netherlands will remain stubbornly high, Rabobank economists noted in a new report about the Dutch economy. The economists said their forecasts are subject to uncertainty as “it is difficult to predict oil, gas, and electricity prices due to their volatility, and we cannot know for certain whether the government will support households and businesses next year, and …

Retail inflation rises to 3-month high of 6.52% in January
1 year, 10 months ago

Retail inflation rises to 3-month high of 6.52% in January

The Hindu  

India’s retail inflation shot back up to 6.52% in January after a two-month streak below the 6% mark, with consumer food prices hardening again to 5.94% from 4.2% in December 2022 amid a broad-based pick-up in price trends across goods and services. “The contribution of food inflation to overall inflation rose to 44% in January from 37% in December,” noted …

European inflation eases for 3rd month but prices still bite
1 year, 10 months ago

European inflation eases for 3rd month but prices still bite

Associated Press  

LONDON — Europe’s inflation rate dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices that have driven protests and will likely press the European Central Bank into another interest rate hike Thursday. Russia’s war in Ukraine has shaken up food and energy markets, and while commodity prices have fallen from …

Supermarket prices surge and there's more inflation to come, warn analysts
1 year, 11 months ago

Supermarket prices surge and there's more inflation to come, warn analysts

ABC  

Supermarket price increases accelerated over the past three months of 2022, with Woolworths leading the charge, according to research by investment bank UBS. Key points: Food prices at the two major supermarkets were up 9.2 per cent over the year to December Fruit and vegetable prices stabilised in the December quarter, while dairy and meat continued to post double-digit increases …

Inflation falls for the second month in a row
1 year, 11 months ago

Inflation falls for the second month in a row

The Telegraph  

Overall, transport costs are now rising more slowly than they did before the war in Ukraine and have been falling for six months. There’s little sign of respite for shoppers though, as food prices continue to soar and remain at a 45-year high. They reached 16.9pc in the 12 months to December, when using the more detailed measure of inflation …

Inflation drops sharply in Europe but some prices are still rising faster
1 year, 11 months ago

Inflation drops sharply in Europe but some prices are still rising faster

CNN  

London CNN — Inflation in Europe continued to decline in December as energy prices rose at a slower pace. Prices across the 19 countries that used the euro in 2022 increased at an annual rate of 9.2% in December, the European Union’s statistical office said Friday. While energy inflation fell to 25.7% in December, compared to 34.9% in November, the …

Inflation may have peaked – but families still face months more pain
2 years ago

Inflation may have peaked – but families still face months more pain

The Telegraph  

The ONS itself is cautious about calling the peak in price rises. Grant Fitzner, its chief economist, says that while inflation has surged because of soaring power bills driven by Russia's invasion of Ukraine, price rises are "no longer just an energy story" and have instead become widespread among goods and services. "If we make the wrong choices now, high …

Inflation in Europe eases but still in painful double digits
2 years ago

Inflation in Europe eases but still in painful double digits

Associated Press  

FRANKFURT, Germany — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. Out-of-control inflation is being fed by high energy prices caused by …

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

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

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. Please try again later {{ …

Make no mistake, the government shares in the responsibility for sky-high inflation
2 years, 1 month ago

Make no mistake, the government shares in the responsibility for sky-high inflation

The Independent  

Rising inflation is still haunting Britain. The latest update from the Office for National Statistics showed consumer price inflation shot up to 11.1 per cent for the 12 months to October. The cost of food and non-alcoholic beverages rose by 16.2 per cent in the year to October, the highest rise since 1977. Well, “core” inflation, excluding those volatile food …

DC EDIT | First sign of price relief; up to govt to insulate economy
2 years, 1 month ago

DC EDIT | First sign of price relief; up to govt to insulate economy

Deccan Chronicle  

After three months of spike, retail inflation or the Consumer Price Index softened to 6.77 per cent in October. The price rise among cereals, in particular, which has nearly 10 per cent weightage in the retail inflation, remained elevated at 12 per cent, because of irregular monsoon distribution and unseasonal rain disrupting supply. Inflation in energy products and clothes, which …

Stock market surges after inflation report shows the pain of high prices may ease
2 years, 1 month ago

Stock market surges after inflation report shows the pain of high prices may ease

NPR  

Stock market surges after inflation report shows the pain of high prices may ease Enlarge this image toggle caption FREDERIC J. BROWN/AFP via Getty Images FREDERIC J. BROWN/AFP via Getty Images Stocks surged in their biggest rally in two years on Thursday, after a better-than-expected inflation report showed that the galloping price increases that consumers have endured all year are …

Food inflation soars to record 11.6% as energy costs, according to British Retail Consortium
2 years, 1 month ago

Food inflation soars to record 11.6% as energy costs, according to British Retail Consortium

Daily Mail  

Separate data from Trolley shows that tea bags are now on average 41p more than they were in October 2021 The cost of Britain's favourite hot beverage - the humble cup of a tea - has soared by a staggering 16 per cent, figures revealed today. Food inflation hit a record 11.6 per cent in October, according to the British …

Inflation hits new record in Europe, slowing economy
2 years, 1 month ago

Inflation hits new record in Europe, slowing economy

Associated Press  

FRANKFURT, Germany — Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans’ ability to spend. Natural gas …

Inflation hits new record high of 10.7% in Europe, slowing economy
2 years, 1 month ago

Inflation hits new record high of 10.7% in Europe, slowing economy

India TV News  

Highlights Natural gas prices skyrocketed in the wake Russia's invasion of Ukraine A survey of professional forecasts showed expectations for inflation next year rose to 5.8 per cent The economy had showed growth of 0.2 per cent in the July-September quarter Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for …

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 …

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

U.K. inflation accelerates to 40-year high as food prices rise

The Hindu  

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 “prioritise help …

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 …

Retail inflation rises to 5-month high of 7.41% in Sept on costlier food items
2 years, 2 months ago

Retail inflation rises to 5-month high of 7.41% in Sept on costlier food items

India Today  

Retail inflation rose to a five-month high of 7.41 per cent in September mainly due to costlier food items, reason enough for the Reserve Bank to continue with its rate hike cycles it has resorted to since May 2022. Official data released by National Statistical Office on Wednesday showed that the retail inflation based on Consumer Price Index was at …

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

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

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 }} Food inflation has …

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