Posted 11/7/2023, 10:28:00 AM
UK Grocery Inflation Eases But Shoppers Still Feeling Sting of Cost Crisis
- UK grocery inflation drops below 10% for first time since July 2022
- Food price rises slowing but shoppers still feeling pinch of cost of living crisis
- Retailers increasing promotions to soften blow for consumers
- Shoppers trading down to cheaper own-label goods over branded items
- Discounters Aldi and Lidl continue to gain market share from big supermarkets
- Primark pushes through selective price rises but cost surge deemed temporary
- Primark expects sales growth in coming year from new stores and modest like-for-like growth