Unrelenting inflation in UK causes fresh food prices to spike
Fresh food prices registered a 15% rise for British shoppers – the highest annual increase for the segment since 2005 – according to a report from Reuters. The cost of living soared during 2022, with the British Retail Consortium (BRC) reporting a record overall food price inflation of 13%. Britain’s official rate of consumer price inflation hit […]
Aldi overcomes price-match schemes by rivals to be UK’s cheapest shop again
For the fifth consecutive month, Aldi has registered the least expensive shopping experience for customers in the UK, according to data from consumer agency Which? Aldi again nosed out discount supermarket rival Lidl for the cheapest basket by a little less than two pounds (£75.79 to £77.68) and over Asda by around nine pounds (£84.98). […]
Tesco partners with FareShare, Trussell Trust on ‘unprecedented’ food collection this winter
Tesco is one of a number of supermarket chains across the UK preparing for the winter rush of shoppers while also trying to ensure that those in need are helping during the festive period. Tesco announced it is launching its annual Food Collection drive from December 1 to 3 to assist charities Trussell Trust and […]
Fairtrade plans banana price increase to help farmers cope with inflation
Because of inflation and increased costs of shipping, global certification group Fairtrade has announced a pending 20% average rise in banana prices to help farmers struggling financially. A robust 15% will go toward offsetting the expenses being incurred by producers who export directly. The other 4.5% will go toward the rising costs at farms in […]
With vegetable purchasing dropping because of inflation, Veg Power launches Simply Veg campaign to help families
Since inflationary pressures began, UK shoppers are spending nearly the same in supermarkets, but they are not filling their baskets with some of the most essential items to maintain their health: namely vegetables. According to a new report released by the nonprofit Veg Power, the purchases on vegetables have fallen to 6.3% of basket value […]
Aldi’s move into Big Four shows power of discounting, inflation
Although Aldi’s rise into the Big Four of UK supermarkets ahead of Morrisons was not a surprise given its surge in the past two years, it nonetheless showed the power of discount chains in a budget-crunched sector for consumers. With inflation soaring to 12.4%, Aldi pulled down a 9.3% share to leap ahead of Morrisons […]
Shopping at Aldi is still the least expensive in the UK and £25 cheaper than this retailer
How much less expensive is a shop at discounters Aldi and Lidl than their retail rivals in the UK grocery market? A lot. According to another round of data from Which?, the two led the way again on the cheapest shop amongst all supermarket chains in the UK, which the average shop costing £74.23 and […]
Inflation, prices and profits: It’s a slippery slope
As we move forward in these inflationary times, the pressure increases on prices and, ultimately, sales and profits. Because of these pressures, upper management demands for increased sales and profits are reaching crisis levels. These financial measures become the total focus for upper management (especially those who are publicly held) and command the utmost attention […]
