All Inflation articles – Page 53
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NewsAgflation starts to decline but continues to outpace food inflation
Agflation was estimated to be at 18.7%, compared to 11.1% for agricultural outputs
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NewsChicken supply facing ‘crisis’ due to low returns, producer claims
Herefordshire-based Jo Hilditch of Whittern Farms warned the sector could suffer the same problems as seen in eggs in recent months
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NewsLower-income families swap veg spending for treats over Christmas, new research finds
The YouGov survey found 28% of lower-income families spent less on food this Christmas compared to previous years
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KVI TrackerTesco dodging new disputes as Mars Petcare prices soar
Tesco hauled Mars and Heinz products from its shelves last summer; both companies landed big price hikes last month
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NewsMars shrinks Ben’s Original rice pouches to mitigate soaring costs
While the packs have shrunk, shelf prices have remained the same for certain products, Assosia data reveals
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NewsCity snapshot: Food inflation shows no signs of slowing as prices hit record high
Food inflation has leapt to a new high in January as producers continued to battle cost pressures, according to the latest report by the British Retail Consortium. Plus, new appointments at Greencore and Kitwave
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NewsYoung families turning away from meat, fruit and veg in cost-of-living crisis
Over a quarter of parents of young children (27%) said they are buying less meat and 18% said they are buying less fruit and veg
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NewsMcCain invests £35m into British potato farming to safeguard sector
The funding will help British farmers manage the challenging environmental pressures the sector is facing and offset “unprecedented on-farm inflation”
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NewsProfits warnings at food producers hit 16-year high in 2022
Profit warnings by UK-listed companies soared 50% higher in 2022 as rising costs put retailers and food companies under significant pressure, according to a new report
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Comment & OpinionIs greedflation really happening in food and drink?
Hundreds of food and drink suppliers are pushing through price hikes, and inevitably, somewhere along the line, some will take advantage
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NewsDemand for food from social supermarket doubles amid cost of living crisis
Community Shop works with the fmcg industry to redistribute surplus stock that might have otherwise gone to waste
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NewsPotts says vertical model made it harder for Morrisons to keep prices down
A lack of competitiveness on price was a key reason for a 4.2% fall in like-for-like sales in the 52 weeks ending 30 October 2022
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NewsShrinkflation hits Warburtons Soft Pittas
Consumer testing found people favoured paying the same for fewer pittas, rather being charged extra for the original five-pack
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NewsMorrisons sales fall 4.2% but CEO Potts claims fightback is working
Group revenue for the year was up 2.2% from £18bn last year to £18.4bn, and Potts said sales had been on a “steadily improving trend”
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NewsAsda slashes night shifts in cost-cutting move affecting thousands
A consultation with staff began this week and Asda stressed the overall level of store hours would be unaffected, though it could not rule out redundancies
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News2 Sisters set to close Llangefni factory with more than 700 jobs at risk
The poultry giant said the decision to shutter the plant was a response to the ‘continuing’ cost challenges facing the sector
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NewsFareShare breaks food surplus record but still can’t meet demand
FareShare told The Grocer it had received almost 3,300 tonnes of surplus food during the month from retailers and suppliers
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Comment & OpinionFruit & veg shortfall is the product of a vicious cycle
Depleted supply leads to more expensive produce, resulting in reduced purchases from the consumer, and so on
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NewsDeal values plunge as inflation and lack of debt hit M&A
Deal values in the food and drink industry slumped in 2022 as suppliers battled spiralling costs, consumers cut back on spending and private equity firms had a harder time securing debt for M&A, according to a new report.
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Comment & OpinionIs there any truth to Tesco chairman John Allan’s inflammatory inflation claims?
Are suppliers really profiteering from inflation?