Food Inflation

UK Retailers To Raise Prices In Response To Budget Tax Hike – BRC Survey

Two-thirds of British retailers will raise prices this year in response to higher costs, a survey by the BRC showed on Wednesday.

UK grocery sales hit a record £14.6 billion in the final three weeks to Christmas on festive promotions and deals, NIQ reported on Wednesday.

Britain’s biggest supermarkets were the big winners at Christmas, according to industry data published by Kantar on Tuesday.

Dunnes Stores held the lead in November as pre-Christmas shopping made it the highest-spend month so far this year, according to Kantar.

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

British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher.

Irish consumer sentiment remained unchanged in November as increased spending was countered by uncertain geopolitical terrain.

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Despite inflation, retailers are looking for another bumper season following a record-breaking Christmas last year, Talysis Ltd reports.

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