Rolling coverage of the latest economic and financial news
Good news for consumers: British grocery inflation has slowed again.
Market researcher Kantar has reported that annual grocery inflation dropped to 9.1% in the four weeks to November 26, down from 9.7% a month earlier.
“The scene is set for record-breaking spend through the supermarket tills this Christmas.
“The festive period is always a bumper one for the grocers, with consumers buying on average 10% more items than in a typical month. Some of the increase, of course, will also be driven by the ongoing price inflation we’ve seen this year.”
As a result, the near-term outlook is difficult to predict for many UK retailers including QUIZ.
Continue reading…Rolling coverage of the latest economic and financial newsShoppers cut back on non-essential items to add to UK retail gloomGood news for consumers: British grocery inflation has slowed again.Market researcher Kantar has reported that annual grocery inflation dropped to 9.1% in the four weeks to November 26, down from 9.7% a month earlier.“The scene is set for record-breaking spend through the supermarket tills this Christmas.“The festive period is always a bumper one for the grocers, with consumers buying on average 10% more items than in a typical month. Some of the increase, of course, will also be driven by the ongoing price inflation we’ve seen this year.”As a result, the near-term outlook is difficult to predict for many UK retailers including QUIZ. Continue reading…
