Inflation has hit its highest rate for two-and-a-half years, driven by the dramatic slowdown in falling food prices since the EU referendum and rising fuel costs at the pumps.
The majority of consumers are feeling the pinch from rising prices over the past year and expect more rapid hikes to come in the next 12 months in the wake of Brexit, according to market research firm GfK.
Tesco was the only big four retailer to buck the trend with its prices still down 1% year on year
Durex owner Reckitt Benckiser is to acquire baby formula firm Mead Johnson Nutrition Co in a deal worth $17.9bn
Irish nutrition group Glanbia has announced two acquisitions this morning totalling €181m as it looks to grow its international footprint.
Sales and profitability have soared at Addo Food Group after it turned around the performance of the chilled savoury pastry business acquired from Kerry Foods in August 2014.
Deflation tumbled to its lowest level since mid-2014 over the Christmas period amid price hikes across fresh food
Dairy processor Meadow Foods saw its sales drop by almost 40% last year as the plunging price of milk hit revenues
Which of the grocers has "won" Christmas? Subscription
Ahead of a busy week of grocery trading updates there are good reasons to think the supermarkets had a far better time of things over the festive period.
Supermarket price deflation has eased back to its lowest level in almost two years
Ireland-headquartered banana importer Fyffes has been snapped up by Asian global trading group Sumitomo Corporation for €751m (£635m)
This week the media’s inflationary focus has turned to Birds Eye fish fingers, Walkers Crisps, and smaller Toblerones…
Inflationary pressures are building as big suppliers negotiate with supermarkets for price hikes but deflation still persists, the latest Grocer Price Index reveals.
Fever-Tree upgrades profit expectations Subscription
Drinks mixer producer Fever-Tree (FEVR) has upgraded its profits expectations for the year, sending its shares up 10% this morning ..
Food prices continued to fall in October as grocers slug it out in fresh produce aisles, but ambient products move closer to inflationary territory, according to latest BRC-Nielsen index …
Brits are facing a surge in Brazil nut prices after climate change hit harvests in Bolivia
Beer, bread and baked beans are the latest victims of Brexit, with shoppers facing price hikes on their favourite brands
Poor production still driving up price of EU wheat Subscription
EU wheat prices continued to rise due to poor production in major growing regions
Spanish weather hikes price of lettuce and tomatoes Subscription
Lettuce prices have risen in the UK due to lower supplies from Spain
More than three years ago Tesco spoke about the brave new world of electronic shelf labels
Experts tell The Grocer the issue of promotional errors goes much further than just Tesco
End of sugar quotas set to ease hikes Subscription
EU sugar production is forecast to be up 13% year on year at 16.2 million tonnes this season
Brazilian beef prices up due to rising global demand Subscription
A fall in exports from Australia and a competitively low domestic price pushed Brazilian beef exports up 4% year on year