Food down a snip, but profits still up

Although news just in may be whispering of a wafer-thin helping of food inflation slowdown – for most of us in the real world your tasty turkey dinner is still going to be a bit of a Scrooge-like stretch.

Yesterday (December 5), news agency Reuters reported that food inflation was down slightly, slowing to 9.1 per cent in November according to Kantar; that the cost of the Christmas dinner up was up 1.3 per cent year-on-year; and that Sainsbury’s has the largest market share gain in over a decade.

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Wages ‘eroded over more than a decade’

Average pay growth rising above inflation in August for the first time in two years will be cold comfort for millions of workers who have suffered pay erosion for over a decade. The Office for National Statistics (ONS) announced on Thursday (October 17) that in the three months to August, annual pay growth rose by […]

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Public ownership would mean lower energy bills and lower inflation

On the eve of the new price cap, Unite has highlighted how energy companies are making record profits while the government and industry regulator, Ofgem, stand by and do nothing to support workers and communities. Ofgem is preparing to unveil the new price cap level, which will be implemented from 1 October. While it is […]

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CEOs ‘rewarded for overseeing greedflation’

Unite slammed big business leaders for being rewarded for profiteering, after new data shows Britain’s biggest bosses’ pay has skyrocketed by 16 per cent in a single year. New research from the High Pay Centre (HPC), which tracks the pay of CEOs of the UK’s largest companies, found the median pay for a FTSE 100 […]

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Going hungry in the food factory

Even as production costs fall, staggeringly high inflation continues unabated, in large part driven by skyrocketing prices of the one thing everyone needs – food. Research by consumer group Which? found that in April, own-brand budget items at the UK’s largest supermarkets jumped by as much as 25 per cent in only a month, hitting […]

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‘No end in sight’ to cost of living crisis

Inflation continues to stay at record highs, according to the latest figures, driven mainly by ongoing hikes in the price of food. The consumer prices index (CPI) measure of inflation fell marginally from 10.4 per cent in February to 10.1 per cent in March – a smaller drop than analysts expected, with some having predicted […]

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Real terms pay continues to plummet

The real value of workers’ pay keeps on nosediving, with the latest figures showing the fastest fall in real wages since 2009 as inflation continues to outpace wage rises. The latest data from the Office for National Statistics (ONS) published on Tuesday (April 18) showed that yearly growth in average pay stayed at 6.6 per […]

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Inflation – no end in sight

Commenting on the latest ONS inflation figures released on Wednesday (March 22), Unite general secretary Sharon Graham said, “Inflation is back on the rise and workers continue to be hammered by high prices. “Unite’s own research shows that it’s profits propelling inflation, while workers’ wages struggle to keep up. In 2021, Tesco, Sainsbury’s and Asda […]

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Cost of living crisis continues

Inflation continues to stay at record-breaking levels, according to the latest figures published by the Office for National Statistics today (January 18). Although headline inflation fell slightly for the second month in a row, from 14 per cent RPI in November to 13.4 per cent in December, food inflation continues to soar to a 40-year […]

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Inflation latest: workers face ‘bleak midwinter’

The rate of inflation easing only slightly according to the latest figures will be cold comfort for millions who are still struggling to make ends meet. The Office for National Statistics (ONS) reported on Wednesday (October 14) that the CPI rate of inflation fell from 11.1 per cent in October to 10.7 per cent last […]

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