UK grocery inflation slows but shoppers still facing cost pressures
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UK grocery price inflation slowed to 6.7% in December, the lowest since April 2022, but shoppers still facing pressures.
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Retailers offered promotions over Christmas period to attract shoppers, with nearly a third of spend on discounted items.
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Discount chains Aldi and Lidl hit record Christmas market share of 17%, as shoppers sought bargains.
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Shipping delays and cost rises likely due to Houthi rebel attacks diverting vessels away from the Red Sea.
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FTSE 100 index turns 40 years old today, starting 2024 with a small fall after solid gains for many markets in 2023.