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

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

The Independent  

Financial data that raise an expletive? Researcher Kantar’s latest figure for food price inflation – however – does the job for me. Sales of Tesco’s “Perfectly Imperfect” produce or Morrisons’ “Naturally Wonky” veg were collectively up by 38 per cent, according to Kantar. Even if working-age benefits are increased in line with inflation – which the government is resisting – they will still undershoot food price inflation, which is one of the biggest costs faced by struggling families. Yet still, the terminally myopic pair of Liz Truss and Kwasi Kwarteng stick to a “growth” plan that has the markets in meltdown and the Bank of England intervening and that no one beyond a handful of eccentric academics and ideologues think stands a prayer of working.

Inflation Price Cent Mpc Food Price Inflation  climbing  price  myopic  wonky  record  economy  food  inflation  growth  cliff  perfectly  result  drives  veg  cent

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 …

US wholesale inflation surged higher in November
Trending News
1 week, 5 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 …

Spectre of food inflation haunts the economy again
1 month, 1 week 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
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 …

​Last mile woes: On inflation data and the challenges
3 months, 1 week 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 prices as inflation plays a big role in the presidential race
4 months, 1 week 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 …

Sticker shock: How the supermarket has become a potent symbol of inflation in America
5 months, 2 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. …

31%: The surge in food prices irking voters in the UK election
5 months, 3 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 …

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 …

Prohibitive price gains: On the Consumer Food Price Index
11 months, 1 week ago

Prohibitive price gains: On the Consumer Food Price Index

The Hindu  

Inflation measured by the Consumer Price Index expectedly quickened to a four-month high in December, with the measure of gains in food prices accelerating at a relatively faster pace as inflation in cereals and pulses stayed stubbornly sticky. While headline retail inflation ticked up by 14 basis points from November’s level to 5.69%, price gains measured by the Consumer Food …

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 …

High food prices may be the new normal
1 year, 4 months ago

High food prices may be the new normal

Hindustan Times  

A vegetable price shock has sent India’s benchmark inflation rate to a 15-month high of 7.4% in July. The jump in headline inflation came despite a moderation in core inflation, which measures the non-food non-fuel part of the Consumer Price Index basket. In the textbook world of inflation targeting, high inflation is taken as a sign of an overheating economy, …

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 …

Europe’s lower food inflation isn’t good news for marketers
1 year, 4 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 …

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data
1 year, 5 months ago

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data

The Hindu  

The latest Consumer Price Index data showing a resurgence in retail inflation proves exactly why the RBI’s monetary authorities have reiterated the need to keep the policy approach firmly tilted towards ensuring price stability. The food price inflation was broad-based with 10 of the 12 sub-groups witnessing year-on-year increases: cereals registered 12.7% price gains, eggs logged 7%, dairy experienced 8.56% …

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 …

Ocado announces price cuts to milk and other ‘everyday essentials’
1 year, 5 months ago

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

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 {{ …

Food inflation ‘is too high’, PM says, as SNP warn of ‘cost-of-greed crisis’
1 year, 7 months ago

Food inflation ‘is too high’, PM says, as SNP warn of ‘cost-of-greed crisis’

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 Food inflation “is too high”, …

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 …

UK inflation falls to lowest level in over a year but food prices keep decline in check
1 year, 7 months ago

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

Associated Press  

LONDON — 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 …

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

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

The Independent  

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

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 …

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 …

Egg crisis hits as grocery price inflation soars to record 17.1%
1 year, 9 months ago

Egg crisis hits as grocery price inflation soars to record 17.1%

The Independent  

Grocery prices have sky-rocketed by a record 17.1 per cent compared to a year ago, according to new research which underlines that the cost of living crisis is far from over. Analysts at the firm looked at grocery inflation, or rising prices, in the four weeks to 19 February and found a 17.1 per cent rise when compared with the …

Grocery in UK costlier than ever as 'cost of living' crisis deepens
1 year, 9 months ago

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

Firstpost  

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

Grocery price inflation reaches record 17.1%
1 year, 9 months ago

Grocery price inflation reaches record 17.1%

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 Grocery price inflation has reached …

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 {{ …

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 …

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 …

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 …

Why we need less food in our inflation basket
2 years, 3 months ago

Why we need less food in our inflation basket

Live Mint  

After declining for three consecutive months, retail inflation rose in August to 7% from 6.71% in July. While the rise in headline inflation is small, inflation in food and beverage was a much higher 7.57%. In contrast, core inflation inched up only 6 basis points to 6.01%, which may not offer much relief, as the Reserve Bank of India’s rate-setting …

Adverse Base Effect, Food Prices Raise Retail Inflation In August: Finance Ministry
2 years, 3 months ago

Adverse Base Effect, Food Prices Raise Retail Inflation In August: Finance Ministry

News 18  

The headline inflation, based on the retail Consumer Price Index, rose to 7 per cent in August 2022 due to an adverse base effect and an increase in food & fuel prices. “The headline inflation based on retail CPI recorded a moderate increase from 6.71 per cent in July 22 to 7.0 per cent in August 22. The finance ministry …

UK food prices rise at fastest rate since global financial crash
2 years, 3 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 …

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 …

Fruit and veg prices rise 12 percent
2 years, 7 months ago

Fruit and veg prices rise 12 percent

NL Times  

A-brands have risen in price faster in supermarkets than private labels in the past year. Fruit and vegetables became 12 percent more expensive in the past year, according to a price survey by the Consumentenbond, the Dutch association advocating for consumers Cucumbers, courgettes, and pears, in particular, became more expensive. Campina Botergoud Cream Butter, Blue Band Halvarine, and Jumbo Margarine …

Rising grocery prices force customers to buy less, change brands and switch stores
3 years ago

Rising grocery prices force customers to buy less, change brands and switch stores

CNN  

New York CNN Business — Morgan Moore’s grocery bills are sky-high. “We have seen some resistance” from customers to prices on premium cuts of meat, Sprouts Farmers Market CEO Jack Sinclair said on an analyst call last month. Leaders at discount grocers such as Walmart, Dollar General, Dollar Tree, Grocery Outlet, Costco and BJ’s Wholesale Club have said in recent …

Why rising inflation, Covid could be a spoilsport in growth recovery
3 years, 8 months ago

Why rising inflation, Covid could be a spoilsport in growth recovery

India Today  

There are some clear worry lines on the inflation front which has prompted the Reserve Bank of India to once again leave interest rates unchanged. Between June and November 2020, inflation crossed 6 per cent, the upper tolerance limit fixed by the RBI. The move paid off and consumer price inflation or retail inflation fell in December 2020 and eased …

Data buoys: inflation cools to 4.06%, IIP rises 1%
3 years, 10 months ago

Data buoys: inflation cools to 4.06%, IIP rises 1%

The Hindu  

India’s retail inflation slowed to a 16-month low of 4.06% in January, helped by a sharp deceleration in food prices, while industrial output rebounded to post 1% growth in December aided by increases in electricity and manufacturing. The moderation in consumer prices was driven by a broad-based softening in food inflation, with the Consumer Food Price Index rising just 1.89% …

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

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

The Independent  

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

Policymakers in a quandary as inflation looks far from ebbing
4 years ago

Policymakers in a quandary as inflation looks far from ebbing

Live Mint  

Rekha Jadhav, 52, a vegetable vendor in Navi Mumbai’s Kharghar, used to make ₹7,000 a day till last December. With demand strengthening and some households having greater visibility on their income outlook, inflation expectations are expected to remain high,” said Aditi Nayar, principal economist, ICRA Ltd. India’s retail inflation based on the Consumer Price Index hit a nearly six-and-a-half-year high …

Inflation rises as Rishi Sunak’s Eat Out to Help Out scheme ends
4 years, 2 months ago

Inflation rises as Rishi Sunak’s Eat Out to Help Out scheme ends

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. Inflation increased to 0.5 per cent from 0.2 per …

Rising inflation is a supply-induced problem this year
4 years, 2 months ago

Rising inflation is a supply-induced problem this year

Live Mint  

Consumer price inflation for September was at 7.34%—the fifth consecutive CPI print above the MPC’s target of 2-6%. A surge in food prices are the primary reason for the sharp increase in food inflation, which has demonstrated an upward trajectory of 7.87% in June, 9.27% in July, 9.05% in August and finally 10.68% in September. The high share of food …

Food price inflation eases to a 9-month low
4 years, 5 months ago

Food price inflation eases to a 9-month low

Live Mint  

Food price inflation eased to a nine-month low of 7.87% in June as temporary supply constraints due to the nationwide lockdown eased, while retail inflation at 6.09%, released after a gap of two months, came surprisingly above the pre-coronavirus print of 5.84% for March. In a technical note released along with the retail inflation data, NSO said it has held …

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