Food down a snip, but profits still up

Dec 6, 2023By

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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Dec 6, 2023

Going hungry in the food factory

Jul 18, 2023By

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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Jul 18, 2023

‘No end in sight’ to cost of living crisis

Apr 19, 2023By

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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Apr 19, 2023

‘Astonishing corporate greed’

Apr 13, 2023By

The UK’s biggest supermarket Tesco continues its shameless profiteering spree, Unite said on Thursday (April 13) as the stock exchange published the retailer’s latest figures. Although Tesco’s profits were down from last year’s profits bonanza – which totalled a record-breaking £2bn in pre-tax profits – the supermarket still made an astonishing £3bn in profits over […]

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Apr 13, 2023

Cost of living crisis continues

Jan 18, 2023By

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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Jan 18, 2023