Bank of England

UK Grocery Inflation Unchanged In February – Kantar

British grocery inflation held steady last month, helped by promotions which shoppers are increasingly relying on amid cost of living worries.

Aldi UK is to give its hourly-paid store workers a second pay rise in two months to match the increased level offered by rival Lidl GB.

British inflation reached a 10-month high of 3.0% in January and is likely to rise further, testing the Bank of England’s confidence.

British retail sales fell unexpectedly in December according to data that raised the risk of an economic contraction in the fourth quarter.

British inflation unexpectedly slowed to an annual rate of 2.5% in December – down from 2.6% in November, official figures have shown.

British shoppers could see food prices could increase by up to 4.9% in 2025 according to the Institute of Grocery Distribution (IGD).

British companies face a challenging 2025 with an increase in employment costs and potential tariffs on exports, the BCC said on Wednesday.

Prices in British shops fell less sharply this month, according to a survey by the British Retail Consortium, released on Tuesday.

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