Consumer spending power increases, but Asda tracker shows cost concerns still high
Although spending power has increased and inflation decreased, new insight from Asda shows that shoppers are still struggling with affordability. The rising cost of food and other items actually means that the amount customers can spend per week fell by £3 from March to August. That data point offsets somewhat upbeat news and is among […]
UK growers forced to chop down apple trees because of lack of profits
After years of struggling with an increasingly challenging market, unpredictable climate, inflation, and lack of labour, some apple growers in England are seeing no profit and cutting down apple orchards. This is the case for the southeast county of Kent “Garden of England,” where a family-owned apple farm that has been producing since 1882 will […]
Waitrose cuts already-reduced items, including produce, to help struggling shoppers
As new data from Kantar revealed the struggles of British consumers to fight off inflation, Waitrose joined its competitors in slashing prices, including reducing items that were already on sale. Putting what it says is a £100m investment to “lower prices on hundreds of everyday favourite products,” Waitrose has trimmed some items by a further […]
Grocery price inflation in UK tops 17%, stunning even Kantar analysts
Just when it seemed British supermarket consumers were making slight gains against inflation, new data released by Kantar Worldpanel shows they are not. In fact, their positions are worse than ever. Kantar revealed that in the month leading up to 19th February, grocery price inflation soared to a staggering 17.1%, the largest its analysts say […]
Can Defra’s new schemes that aim to ‘save the planet’ really help farmers rebound?
UK farmers who have been battered by a range of challenges that include labour shortages and rising costs will be getting at least some relief from the government’s Environmental Land Management (ELM) plan, according to Defra. Defra announced on Thursday it will offer farms up to £1,000 extra in grants provided they can be both […]
UK consumers spent record £12.8B in December, but sales volume dropped
Total grocery sales in the UK jumped more than 7.5% in the run-up to Christmas, according to new data released by Kantar, helped by a slight dip in price inflation. However, the data insight and consultancy points out that while sales did reach a record £12.8 billion, volumes were down by 1% year over year. […]
Unrelenting inflation in UK causes fresh food prices to spike
Fresh food prices registered a 15% rise for British shoppers – the highest annual increase for the segment since 2005 – according to a report from Reuters. The cost of living soared during 2022, with the British Retail Consortium (BRC) reporting a record overall food price inflation of 13%. Britain’s official rate of consumer price inflation hit […]
Aldi overcomes price-match schemes by rivals to be UK’s cheapest shop again
For the fifth consecutive month, Aldi has registered the least expensive shopping experience for customers in the UK, according to data from consumer agency Which? Aldi again nosed out discount supermarket rival Lidl for the cheapest basket by a little less than two pounds (£75.79 to £77.68) and over Asda by around nine pounds (£84.98). […]
