UK Grocery Inflation Rises to 2.6% – Kantar

By Reuters
UK Grocery Inflation Rises to 2.6% – Kantar

British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher, industry data showed on Tuesday.

Market researcher Kantar said annual grocery price inflation was 2.6% in the four weeks to 1 December, having been 2.3% in the previous four-week period.

Prices are rising fastest in products such as toothbrushes, chilled smoothies and juices, and fragrances.

Meanwhile, prices are falling fastest in items including household paper products, dog food and ambient savoury meals, according to Kantar.

Among individual supermarkets, Britian’s leader Tesco saw sales in the 12 weeks to 1 December rise 5.2%.

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It had a market share of 28.1% – its highest since December 2017.

UK supermarkets have warned that tax rises in the new Labour government’s first budget in October, together with another rise in the national minimum wage, will be inflationary.

Official data published last month showed that overall UK inflation jumped 2.3% in October.

Data for November will be published on 18 December.

Read More: Grocery Sales Reach Year High In October As Dunnes Holds Market Lead – Kantar

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