M&S Food puts price lock on 100-plus items as Family index reveals struggles of shoppers
Sensing the need to continue delivering quality products to consumers at lower prices, M&S Food has extended its price lock on more than 100 items through the end of spring, including some fruits and vegetables. A 300g pack of British White Mushrooms is listed for £1, while 750g of Select Farms Easy Peeler satsumas and […]
Morrisons slashes prices on almost 500 items, but are they enough?
Trying to remain competitive against deep discount retail chains Aldi and Lidi, Morrisons recently reduced prices on nearly 500 more items including some fruits and vegetables. Although Morrisons now has lowered the cost on 1,000 products, it only has committed to those reductions over the course of eight weeks. “We’re now going again with a […]
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 […]
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. […]
Fairtrade plans banana price increase to help farmers cope with inflation
Because of inflation and increased costs of shipping, global certification group Fairtrade has announced a pending 20% average rise in banana prices to help farmers struggling financially. A robust 15% will go toward offsetting the expenses being incurred by producers who export directly. The other 4.5% will go toward the rising costs at farms in […]
Rabobank: Inflation in Europe leading consumers to choose private label
With food prices soaring across the globe, in Europe consumers and food retailers are opting for private label products. According to an article by Rabobank, in Europe, supermarket prices have risen by 7 to 9 percent so far in May and the end is not yet in sight. Given the impact of the current inflation on […]
U.S.: Price is outpacing other drivers in produce purchasing
American consumers have traditionally made buying decisions based on the look and feel of a particular piece of produce. Appearance is still important, but it isn’t everything — at least right now. In an era marked by high inflation and still-shifting lifestyles, the value equation has come back to the forefront. According to the new 2022 […]
In war of produce pricing, Aldi drops some veg items to 9p
Not to be outdone by competitors trying to match their Super Six deals, Aldi GB slashed the prices on some of its fresh produce this week down to 9p – a 10p drop from its previous lows. For Christmas, its placed several dinner favourites in the range, including carrots (1kg), white potatoes (2kg), parsnips (500g), […]
