UK inflation falls to lowest level in over a year but food prices keep decline in check
1 year, 10 months ago

UK inflation falls to lowest level in over a year but food prices keep decline in check

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 U.K. has fallen to its lowest level since the immediate aftermath of Russia's invasion of Ukraine, though elevated food prices meant it didn't fall as much as anticipated. “The rate of inflation fell notably as the large energy price rises seen last year were not repeated this April, but was offset partially by increases in the cost of second-hand cars and cigarettes," the statistics agency's chief economist Grant Fitzner said. “However, prices in general remain substantially higher than they were this time last year, with annual food price inflation near historic highs," he added. While welcoming the fall in inflation into single digits, Treasury chief Jeremy Hunt said “food prices are still running too high.” On Tuesday, Hunt held discussions with food manufacturers over the cost of food and ways to ease pressure on households.

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History of this topic

The Great British Food Shortage: Why prices are rising and shelves are empty
1 month, 1 week ago

The Great British Food Shortage: Why prices are rising and shelves are empty

The Independent  

Once upon a time, a trip to the supermarket was routine. “As outlined by the government’s Food Security Report published last year, geopolitics, climate change and Brexit are all impacting our national food security,” she explains. “Meanwhile, cost of living and food inflation have contributed to a higher cost of food, widespread food insecurity and healthy diets being out of …

Tracking the price of eggs, meat, milk and other staple US grocery items
1 month, 3 weeks ago

Tracking the price of eggs, meat, milk and other staple US grocery items

CNN  

CNN — The cost of food in the US increased significantly amid the Covid-19 pandemic and the steep inflation that followed. The price of eggs could increase by as much as 20% this year, according to one government forecast, after detections of avian influenza among the nation’s poultry flocks have strained supply. And the looming prospect of new tariffs on …

Food prices rise at fastest pace since April as supermarket job cuts loom
2 months ago

Food prices rise at fastest pace since April as supermarket job cuts loom

Daily Mail  

Food prices rose at the fastest pace since April last year between December and January, data from the British Retail Consortium-NielsenIQ Shop Price Index shows. Inflation figures showed food prices were 1.6 per cent higher in January than a year ago, easing from 1.8 per cent in December, according to the data. Prices: Food prices rose at the fastest pace …

Inflation matrix: On the numbers and trends
2 months, 1 week ago

Inflation matrix: On the numbers and trends

The Hindu  

In the final inflation print before the Union Budget for 2025-26 is presented, followed by the first review of the monetary policy led by the new Governor of the Reserve Bank of India in early February, the price rise faced by Indian consumers eased to 5.22% in December. Food inflation moderated from over 9% in the previous month to 8.4% …

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices
2 months, 2 weeks 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 …

Despite inflation, some everyday products actually dropped in price this year
3 months ago

Despite inflation, some everyday products actually dropped in price this year

CNN  

CNN — From a purely economic standpoint, 2024 wasn’t too shabby a year for inflation.. Gasoline 2024 price change : Down 7.6% Gas prices may be highly volatile and highly integral to aspects of life and business, but they’re also highly visible reminders of how prices are trending. “Even during the pandemic, when inflation was rampant across the economy, most …

Food prices are on the rise again. What’s behind the increase
3 months, 2 weeks 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 …

Food prices are on the rise again. What’s behind the increase
3 months, 2 weeks 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 …

Consumer inflation moderates slightly to 5.5% in November
3 months, 2 weeks ago

Consumer inflation moderates slightly to 5.5% in November

The Hindu  

India’s retail inflation cooled slightly to 5.5% in November from a 14-month high of 6.2% in October, but remained significantly elevated for rural consumers at 5.95%, while dropping to 4.8% for their urban counterparts. “The decline in inflation in November 2024 is mainly due to decline in inflation in ‘food & beverages’ group,” the National Statistics Office said, pointing to …

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

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
4 months, 2 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
4 months, 2 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

Spectre of food inflation haunts the economy again
4 months, 2 weeks ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

Grocery inflation rises as supermarket trips hit four-year high
4 months, 2 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 …

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts
6 months ago

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts

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 current trend marks a reversal from previous years …

​Last mile woes: On inflation data and the challenges
6 months, 2 weeks ago

​Last mile woes: On inflation data and the challenges

The Hindu  

The latest retail inflation data from the National Statistical Office yet again highlights the challenge in achieving durable price stability. Provisional estimates for year-on-year price gains in August show the headline rate based on the Consumer Price Index quickened marginally to 3.65%, from July’s 3.60%, as a sharp rebound in vegetable inflation led to a wider acceleration in overall food …

Harris zeroes in on high food and housing prices as inflation plays a big role in the campaign
7 months, 2 weeks ago

Harris zeroes in on high food and housing prices as inflation plays a big role in the campaign

Associated Press  

▶ Follow the AP’s live coverage of the 2024 election WASHINGTON — Vice President Kamala Harris is zeroing in on high food and housing prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price gouging on groceries and laying out plans to cut other costs as she looks …

Harris zeroes in on high food prices as inflation plays a big role in the presidential race
7 months, 2 weeks ago

Harris zeroes in on high food prices as inflation plays a big role in the presidential race

LA Times  

President Biden listens as Vice President Kamala Harris speaks about the administration’s efforts to lower costs during an event at Prince George’s Community College in Largo, Md., Thursday. Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price …

UK inflation stays at 2% despite surge in hotel prices
8 months, 1 week 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 …

Food prices are no longer rising as much — but here's why it might not feel that way
8 months, 2 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 …

31%: The surge in food prices irking voters in the UK election
8 months, 4 weeks 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 …

Major restaurant chains are cutting menu prices due to high food costs, decrease in consumer demand
10 months ago

Major restaurant chains are cutting menu prices due to high food costs, decrease in consumer demand

Salon  

Fast food has long been regarded as a convenient and affordable meal option. A recent study from FinanceBuzz found that average fast food prices have risen between 39% and 100% from 2014 to 2024 — increases that “outpaced” inflation during the given time period. Earlier this year, the multinational fast food chain sparked a national debate after a McDonald’s in …

Inflation is down – but good news for homeowners will have to wait
10 months, 1 week ago

Inflation is down – but good news for homeowners will have to wait

The Independent  

Across the economy, price rises slowed significantly in April with the rate of inflation declining to 2.3 per cent from 3.2 per cent. Grant Fitzner, chief economist at the Office for National Statistics, also highlighted tobacco and food price inflation which fell to 2.9 per cent. Service prices have been worrying the Bank’s rate-setting Monetary Policy Committee which voted 7-2 …

Food inflation might have fallen but will the cost of eating out ever go down?
10 months, 1 week ago

Food inflation might have fallen but will the cost of eating out ever go down?

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. “It’s not the …

Why experts say inflation is relatively low but voters feel differently
11 months ago

Why experts say inflation is relatively low but voters feel differently

NPR  

Why experts say inflation is relatively low but voters feel differently Enlarge this image toggle caption Scott Olson/Getty Images Scott Olson/Getty Images A lot goes into planning a personal budget – and the price of food and how it fluctuates with inflation can be a big part of that. And interestingly, for the last eight months, consumers have been reporting …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
11 months, 1 week ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

How the rate of inflation has changed for everyday items
11 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 …

UK inflation falls to lowest level since late 2021 as food prices ease further
11 months, 1 week 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
11 months, 3 weeks 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 …

Potatoes up but crisps down: How inflation has changed the price of everyday groceries
1 year ago

Potatoes up but crisps down: How inflation has changed the price of everyday groceries

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 Inflation eased back by more than expected in February, boosting …

Monetary policy has an inflation dilemma
1 year, 1 month ago

Monetary policy has an inflation dilemma

Hindustan Times  

Inflation, though moderating from its recent highs, continues to hover above target in most of the countries, including India. While part of the decline could be explained by the supply chain easing-led input price disinflation, the quantum of fall in core inflation momentum seems perplexing in an environment of repeated positive GDP growth surprises. This combination of weak demand and …

How inflation has hit your shopping basket
1 year, 1 month 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 …

Food prices fall for first time since 2021 as inflation remains unchanged
1 year, 1 month ago

Food prices fall for first time since 2021 as inflation remains unchanged

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 unexpectedly held steady last …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
1 year, 1 month 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
1 year, 1 month 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, …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
1 year, 2 months ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

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 {{ …

UK inflation rate slows to lowest level for more than two years
1 year, 3 months ago

UK inflation rate slows to lowest level for more than two years

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 UK inflation eased back to its lowest level for more …

Acceleration foretold: On volatile food prices
1 year, 3 months 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 …

Experts reveal number one reason for soaring food prices as families pay £605 more
1 year, 4 months ago

Experts reveal number one reason for soaring food prices as families pay £605 more

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK families are paying £605 more for their food than they did two years ago, …

No evidence ‘weak competition’ leading to high supermarket food prices – Hunt
1 year, 4 months ago

No evidence ‘weak competition’ leading to high supermarket food prices – Hunt

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 An investigation into high food …

CPI dips in Oct amid ample food supply
1 year, 4 months ago

CPI dips in Oct amid ample food supply

China Daily  

A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province. Experts say recovery in demand not yet solid and more policy support is likely China's consumer prices registered negative growth for the second time this year in October, indicating that the recovery in demand is not yet solid and more macroeconomic policy support is likely, experts …

UK shop price inflation at lowest in a year as government advised not to burden businesses
1 year, 4 months ago

UK shop price inflation at lowest in a year as government advised not to burden businesses

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 Shop price inflation has eased for the fifth consecutive month …

UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will do
1 year, 6 months ago

UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will do

Associated Press  

LONDON — Inflation across the U.K. fell unexpectedly in August to its lowest level since Russia launched its invasion of Ukraine, a development that has reined in expectations of a 15th straight interest rate increase from the Bank of England on Thursday. Though inflation is way above the Bank of England’s target of 2% and higher than any other Group …

UK set for unwelcome rise in August inflation fuelled by higher petrol prices
1 year, 6 months ago

UK set for unwelcome rise in August inflation fuelled by higher petrol 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. A sharp rise in petrol prices is expected to …

Food price inflation falls to its lowest level in more than a year from 12.7% to 12.2% - but 95% of shoppers remain worried about rising supermarket bills, figures show
1 year, 6 months ago

Food price inflation falls to its lowest level in more than a year from 12.7% to 12.2% - but 95% of shoppers remain worried about rising supermarket bills, figures show

Daily Mail  

Grocery price inflation has fallen to its lowest level in more than a year - but nearly all consumers remain worried about rising supermarket bills, it was revealed today. Prices across grocers were 12.2 per cent higher than a year ago for the four weeks to September 3, down from the previous month's 12.7 per cent, analysts Kantar said. One …

Grocery price inflation falls to lowest level in a year
1 year, 6 months ago

Grocery price inflation falls to lowest level in a 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 Grocery price inflation has dropped …

Govt.’s pre-emptive measures will cool food prices: Finance Ministry
1 year, 7 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 …

Rishi Sunak hopes Britons will feel better off next year despite recession fears
1 year, 7 months ago

Rishi Sunak hopes Britons will feel better off next year despite recession fears

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 Rishi Sunak has outlined his …

UK inflation falls to 17-month low of 6.8% but unlikely to derail another interest rate rise
1 year, 7 months ago

UK inflation falls to 17-month low of 6.8% but unlikely to derail another interest rate rise

Associated Press  

LONDON — The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices, official figures showed Wednesday, a welcome development for hard-pressed households struggling during the cost of living crisis. The Office for National Statistics said the annual rate of inflation, as measured by the consumer price index, …

Europe’s lower food inflation isn’t good news for marketers
1 year, 7 months ago

Europe’s lower food inflation isn’t good news for marketers

Live Mint  

Huge hikes in food prices and other daily essentials in European markets are coming to an end. Unilever, the owner of brands like Dove and Marmite, said it faced €400 million of materials inflation in the second half of its current fiscal year, down from €1.6 billion in the first half. It’s true that when prices stabilized and in some …

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