All Inflation articles – Page 28
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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
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NewsCity snapshot: ‘Whopper’ Christmas for supermarkets as Brits spend a record £13.7bn over the festive period
Supermarkets enjoyed the busiest Christmas since before the pandemic as a record £13.7bn passed through their tills over the crucial December trading period, according to data released this morning
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NewsMorrisons announces £15m price cuts across 200 products
An average of 20% cuts are being introduced for cupboard essentials and breakfast options, as well as healthier products to fit with new year diets
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NewsUK retail workers ‘worse off’ than European peers this Christmas
Nearly half of UK workers had to work more hours in 2023 compared with previous years due to the cost of living crisis
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NewsCity snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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NewsCity snapshot: Food inflation falls to lowest since May 2022
Food price inflation has fallen for the eighth month in a row, helping the UK headline rate to slow by more than expected, according to official data this morning.
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NewsSugar beet growers and British Sugar finally agree supply contract
The two parties had been locked in an increasingly acrimonious negotitation since May
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Comment & OpinionHow consumers shopped food and drink in 2023
Own label and treat categories have been winners of the past year, says Rachel White, NIQ MD UK & Ireland