All Inflation articles – Page 12
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NewsTurkey sales bounce back in bumper Christmas for protein
A record £13.7bn was spent on protein at Christmas, despite cost of living challenges, up 11.6% on 2022 levels
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NewsInnocent losses soar as £200m factory needs more investment
Revenues declined by £15.6m – a 3.5% fall year on year – to £426.2m in the 12 months ended 31 December 2022, according to newly filed accounts
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Comment & Opinion‘We told you so!’ Why booze duty hike drove inflation rise
Industry figures warned duty changes in the summer would drive prices up. Now that chicken is coming home to roost
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NewsYeo Valley boosted by diversification and milk prices
The organic dairy supplier increased turnover by 22% to to £315.9m for the year to 28 May 2023
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KVI TrackerAptamil formula cheaper in mults after CMA criticism
Tesco, Sainsbury’s, Asda and Morrisons have joined Iceland in slashing shelf prices of Aptamil powdered formula
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Comment & OpinionWe must think long term to avoid a race to the bottom
Asda price matching the discounters signals a new phase, says Patrick Finlay, MD at The Category Management Company
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NewsMajor apple supplier begins shutdown following price challenges
The apple producer cited a lack of retailer returns as a significant reason for its financial challenges
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsAldi cutting price of 40 popular lines by up to 17%
‘This latest round of price cuts will help our shoppers make significant savings on their weekly food shop,’ said Aldi UK buying MD Julie Ashfield
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NewsBernard Matthews proposing to close Norfolk poultry factory
The turkey giant is seeking to close its Great Witchingham site, which was found to longer be ‘a sustainable operation’
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Grocer 33Asda price match move makes it cheapest as inflation falls to 2.9%
The Leeds-based supermarket last week became the first operator to price match both Aldi and Lidl
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NewsMüller UK&I sinks to £6m loss in 2022 as inflationary pressures bite
A £25.8m operating profit in 2021 swung to a £5.9m operating loss in the year to 31 December 2022, its latests accounts have shown
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NewsTesco launches new year price cuts across 150 food staples
The move comes following Tesco’s announcement yesterday that it is allowing customers to earn double Clubcard points when they shop for the next seven weeks
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NewsTesco launches biggest double Clubcard points promotion in a decade
The move will allow customers to double the value of rewards with more than 100 Clubcard partners
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News120,000 retail jobs lost and 10,000 shops closed in 2023
Most of the closures resulted from company restructures and cost-cutting programmes, according to the Centre for Retail Research
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Comment & OpinionHow slowing inflation will shape growth tactics in 2024
Our expectation is that volume growth will be the primary focus, says Alex Lawrence, senior strategic insight director at Circana
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NewsAsda becomes first supermarket to price match both Aldi and Lidl
Asda will price match Aldi and Lidl on 287 comparable grocery products and has reduced prices by an average of 17%
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NewsRed sea shipping attacks will lead to ‘inevitable’ food inflation
The crisis in the key shipping route lining the Mediterranean via the Suez Canal has sparked military and political action by the US and other governments
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NewsHorticulture growth under threat as costs continue to rise for sector
A new report by Promar International found costs of production had increased by as much as 39% in the past two years
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NewsHousehold shopping budgets rise for eighth month in a row
It marks the highest annual growth rate in over two years (since September 2021), with the average disposable income up to £228 in November 2023