Business · Economy · 3 hrs ago

UK grocery inflation rises as shoppers turn to supermarket deals

UK grocery inflation rises as shoppers turn to supermarket deals

UK supermarket prices rose 2.5% in a year in the four weeks to 4 October, up from 2.3% the previous month.

The figures from Worldpanel by Numerator cover grocery shopping across the UK.

Shoppers spent more than £250m extra on promotions compared with the same period last year, using offers to control bills and make more expensive products or larger packs affordable.

Household budgets remain under pressure, with Worldpanel saying more than half of shoppers were very or extremely worried about petrol prices and almost one in three said fuel costs were already affecting their finances.

Chocolate confectionery prices fell 3% from a year earlier, offering some relief ahead of Halloween and Christmas, though the drop does not undo earlier price rises.

About 1.2 million households bought a pumpkin in the latest four weeks, 10% more than a year earlier.

Shoppers are expected to keep seeking deals until the chancellor sets out plans in the autumn budget.

What people are saying

Fraser McKevittHead of retail and consumer insight at Worldpanel
With the autumn budget fast approaching, the cost of living continues to weigh heavily on the minds of shoppers. And the cost of filling up a car is only adding to the pressure on household budgets.
via Guardian
More than half tell us they’re very or extremely worried about petrol prices, and almost one in three say it’s already taking a real toll on their finances.
via Independent

Sources

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