All Inflation articles – Page 34
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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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NewsCity snapshot: Fever-Tree profits hit by soaring inflation as UK sales fall
Profits have declined at Fever-Tree as inflationary pressures squeezed margins and sales in the UK market shrank as consumers cut back spending to cope with the cost-of-living crisis. Plus, surprise jump in UK inflation as veg shortages push food prices 18% higher.
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NewsSpace Raiders prices rocket as KP Snacks passes on cost increases
Retro snack brand owner says retail prices are set by retailers but it has to pass some increases on to stay competitive
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NewsFood too cheap to sustain UK production, AHDB chair warns
Nicholas Saphir has said the food sector needs to ‘recognise the elephant in the room’ and reform pricing stategies to increase farmer returns
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NewsMorrisons cuts prices on 500 products in latest move to take fight to discounters
Morrisons said the investments had taken its spending on prices to almost £150m in the space of a few months
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NewsFurther dismay for growers as they continue to be omitted from energy support scheme
NFU president Minette Batters said she was at her ’wit’s end’ with the government following its budget announcement
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NewsAldi once again set to be highest-paying supermarket
The latest pay rise is the second for Aldi shopworkers so far in 2023
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NewsNestlé to pull ‘not viable’ plant-based brands Wunda and Garden Gourmet
The two brands, plus Nestlé’s Middle East-inspired Mezeast range, will disappear from supermarket shelves in Q2
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Promotional FeaturesHow businesses can help consumers cut food waste
With inflation continuing to boom across the market, stretching shoppers’ spending limits, how can retailers inspire shoppers to reduce their household food waste and save money with simple and easy recipes?
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NewsRussian white fish tariff ‘has not worked’ say chip shop owners
The 35% tariff on fish sourced from Russia and Belarus after the former’s invasion of Ukraine ‘had not worked’, said Andrew Crook, of the National Federation of Fish Friers
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NewsShortages of fruit & veg linger despite end to restrictions
The traditional big four has had lower than normal levels on core tomato, cucumber and pepper lines following significant shortages last month, analysis of Assosia data has revealed
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NewsCadbury Dairy Milk shrinks Giant Buttons packs by 23%
At the time of writing, Tesco and Asda were selling the new packs at £2 – the same shelf price as the previous size, according to Assosia data
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NewsAsda moves to make £1 kids’ meals healthier following criticism
Asda also said it would now offer a free piece of fruit with every kids’ meal in the deal
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NewsMedia Bites 13 March: Tesco, Fever-Tree, Scrumbles, greedflation
Suppliers have hit back at Tesco over fees to sell produce online, warning that new fees imposed by Tesco could put them out of business
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NewsCity News: Greggs shares under pressure as stubborn inflation eats into profits
It was mixed picture for Greggs this week as the high street bakery chain revealed a 23% jump in 2022 revenues to £1.5bn but a mere 1.9% increase in pre-tax profits to £148.3m as soaring inflation ate into the bottom line.
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NewsYeo Valley sees profits wiped out by cost inflation
Yeo Valley Organic’s production arm has fallen into the red for the first time since the credit crunch in 2008
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NewsCompleat Food picks up assets from collapsed Vale of Mowbray
The historic Yorkshire-based business, which started making pork pies in 1928, appointed administrators from FRP in September last year after struggling to cope with soaring input cost inflation and higher energy bills.
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NewsBig Prawn creditors owed £23m-plus when shellfish supplier collapsed
The majority of the money owed isn’t expected to be repaid, the report by administrator Kroll revealed
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NewsSoaring production costs to force chicken shortages
Rising production costs in excess of 18% are outstripping retail price inflation
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NewsChild food poverty: supermarkets slammed over lack of ‘meaningful’ action
Food Foundation is calling for discounted fruit & veg ranges, promotions on bread and milk, and reduced prices for the healthiest ranges of products