>UK food price inflation remains at its third-highest level since the financial crisis, with the annual rate at which the cost of groceries is increasing at the elevated level of 17.2%, retail industry data shows.
>Prices barely eased during the four weeks to 14 May to only marginally below April’s 17.3% figure, according to the latest release from the analytics firm Kantar, representing the third-highest rate of grocery inflation since 2008.
>More consumers are turning to supermarket own-brand products, a trend also reported in April, in an attempt to keep their bills under control.
Cf.^2
>Australian supermarket food prices have increased by a new peak of nearly 10 per cent over the past 12 months, outpacing annual inflation as the cost of living continues to rise.
>Newly published analysis, conducted by investment bank UBS, found prices at Coles and Woolworths had increased by 9.6 per cent over the past 12 months to April.
>[UBS analyst] Mr Cousins noted that more consumers have shifted to private-label products as prices continue rising, and expects that trend will continue.
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Price-setters:^1
>UK food price inflation remains at its third-highest level since the financial crisis, with the annual rate at which the cost of groceries is increasing at the elevated level of 17.2%, retail industry data shows.
>Prices barely eased during the four weeks to 14 May to only marginally below April’s 17.3% figure, according to the latest release from the analytics firm Kantar, representing the third-highest rate of grocery inflation since 2008.
>More consumers are turning to supermarket own-brand products, a trend also reported in April, in an attempt to keep their bills under control.
Cf.^2
>Australian supermarket food prices have increased by a new peak of nearly 10 per cent over the past 12 months, outpacing annual inflation as the cost of living continues to rise.
>Newly published analysis, conducted by investment bank UBS, found prices at Coles and Woolworths had increased by 9.6 per cent over the past 12 months to April.
>[UBS analyst] Mr Cousins noted that more consumers have shifted to private-label products as prices continue rising, and expects that trend will continue.
^1 Joanna Partridge (23 May 2023), “UK food price inflation at third-highest level since 2008”, https://www.theguardian.com/business/2023/may/23/uk-food-price-inflation-shoppers-kantar
^2 Kate Ainsworth (23 May 2023), “Coles and Woolworths food prices rise by 9.6 per cent in past year, outpacing inflation rate”, https://www.abc.net.au/news/2023-05-23/supermarket-prices-increase-coles-woolworths-inflation/102380456
The article doesn’t say when the two other times were. I presume they are recent. but it would be interesting for them to expand on that.
Out on the island of Tenerife at the moment, Heinz ketchup probably made in the uk is cheaper here than at home. Who wants a bottle bringing back?
If you read the bbc earlier, this was presented as a great win for the government as it fell on last month!