Business · Economy · 53 mins ago

UK grocery inflation rises as households buy supplies after Be Ready campaign

UK grocery inflation rises as households buy supplies after Be Ready campaign

UK grocery prices were 2.6% higher than a year earlier in October, up from 2.5% in September.

The increase came as households faced higher energy bills after the energy price cap rose in October.

The Government’s Be Ready campaign encouraged households to keep supplies for up to three days in case essential services are disrupted.

In the 10 days after its launch, sales of hand sanitiser rose 83% year on year, bottled water 67% and tinned and jarred goods 37%.

The increase reflected more shoppers adding recommended items to their regular shops, rather than widespread panic buying.

With food prices rising and winter approaching, households are likely to keep an eye on costs, but no further campaign steps are specified.

1 source

Related

What people are saying

Fraser McKevittHead of retail and consumer insight at Worldpanel
Shoppers clearly took notice of the Be Ready campaign, but this wasn’t panic buying, with less than a third of households buying bottled water in October.
via Evening Standard
Growth came from more people adding the recommended items on the Government’s checklist to their weekly shop, not from shoppers piling their trolleys high, which is very much in line with what the Government wanted households to do.
via Evening Standard