Economy – Page 12
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NewsSalad shortages fuels surprise jump in inflation as food prices soar 18%
Food price inflation has hit a 45-year high of 18% amid shortages of fruit and vegetables, according to the latest data out this morning
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Comment & OpinionBudget fails to alleviate pressure on companies caught in cost of living crossfire
After the chaos unleashed by the mini-budget last November, Jeremy Hunt’s ‘steady as she goes’ budget was not exactly unwelcome – though it left grocery industry participants frustrated that more help isn’t being offered
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NewsM&S chief says spring budget should pause incoming regulation for retail
‘We would ask for no further legislative burden acting as a drag on business from unnecessary taxes or regulation,’ said Machin
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NewsCity snapshot: Footfall growth slows as high streets and shopping centres outperform retail parks
According to the monthly BRC-Sensormatic IQ Footfall Monitor UK retail footfall fell back in February after Christmas and the January sales amid concerns that shoppers are making fewer visits to the shops due to pressures on the cost of living
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NewsGrocery inflation hits new 17.1% high as discounter growth soars
Grocery price inflation has soared to a new high of 17.1% as the discounters continue to rapidly take share from the major supermarkets
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NewsCity snapshot: Retail sales volumes bounce back in January
Retail sales volumes unexpectedly bounced back into growth in January as sales and promotions boosted shopper activity. Plus Costa Coffee names new CEO
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NewsCity snapshot: Retail footfall recovers as workers and tourists return
Retail footfall continues to recover towards pre-pandemic levels in January as the return of office workers and international tourists boosted high street numbers
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NewsCity snapshot: Grocery price inflation soars to new record high
UK supermarket sales rose by 5.7% in January, according to the latest market share figures from Kantar, though this was significantly lower than the record 16.7% price inflation recorded in the month
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NewsCity snapshot: UK retail footfall steadily improves in 2022 but remains below pre-Covid levels
Footfall across UK retail destinations remains significantly lower than before the pandemic but improved steadily throughout 2022, a new report has revealed.
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NewsCity snapshot: UK retail sales fall in December as consumers cut back
UK retail sales volumes fell back in December, according to the Office of National Statistics, as consumers cut back on spending because of inflation
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NewsCity snapshot: Christmas footfall jumps to post-pandemic high
UK retail footfall over the festive period rose back to the highest levels recorded since the start of the Covid pandemic in 2020
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NewsCity snapshot: Double digit inflation drives supermarket sales rise despite volume slump
Supermarket sales grew 7.6% in November, driven by soaring inflation which mitigated a 4.3% in volumes as shoppers cut back amid cost of living pressures
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NewsCity snapshot: Grocery price inflation dips for the first time in 21 months
Grocery price inflation saw its first small monthly dip for almost two years over the past month as higher prices continue to drive sales value growth across the sector. Plus, SSP revenues and profits bounce back, consumer spending data from BRC-KPMG and Barclaycard and all the rest of the latest news from the City
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Comment & OpinionHow Nestlé, Heineken and Unilever are dealing with a volatile market
Barclays’ Warren Ackerman on the current round of capital markets events
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NewsCity snapshot: Footfall stumbles ahead of Christmas
Total UK footfall decreased by 13.3% in November compared to pre-pandemic levels, according BRC-Sensormatic IQ Footfall Monitor, as the cost of living crisis put off some consumers from visiting the shops
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Comment & OpinionHunt’s budget signals pain ahead. But who do the public trust to put things right?
The battle lines are drawn for the next two years in politics, says Ian Wright, outgoing co-chair of the Food & Drink Sector Council
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NewsCity snapshot: Parsley Box sets out delisting timetable to leave AIM
Embattled DTC group Parsley Box has set out a timetable for cancelling its listing on London’s junior exchange. Plus, consumer confidence edges up in November and October’s UK retail sales rebound.
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NewsFood inflation hits highest level in 45 years
Food and non-alcoholic beverage prices rose by 16.2% in the 12 months to October, up from 14.5% in September, according to the ONS
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NewsCity snapshot: Retail footfall slips back in October
Retail footfall remains almost 12% down on pre-pandemic levels after slipping back further in October amid rising inflation and energy bills
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Comment & OpinionBusinesses must start compiling the evidence for further energy support
Any sector looking for support beyond April will need to make a compelling, evidence-based case, says Mary Starks, partner at Flint Global and former executive director of OfGem