Inflation

Irish Consumer Sentiment Falls For Fourth Month In A Row

Irish consumer sentiment has fallen for the fourth month in a row as continued pressure on the cost of living weighed on consumer thinking.

Grocery inflation in the UK fell for the 15th month in a row in May to reach 2.4% – its lowest level since October 2021, according to Kantar.

UK shoppers spent a total of £50.2 billion on FMCG products in the first quarter of 2024, according to data published by NIQ last week.

The chief executive of Tesco’s pay package doubled in the 2023/24 financial year to almost £10 million, it was reported on Tuesday.

Lidl UK has said it will raise wages for staff by 3% in June, which will give workers in the discounter their third pay rise in 12 months.

Hershey exceeded Wall Street expectations for first-quarter sales and profit on higher prices and steady consumer demand.

Monster beverage has reported a 12% jump in first-quarter sales on resilient demand for the company’s energy drinks and easing freight costs.

Activity in the Irish services sector expanded in April despite a slowdown in new business and job creation in the TMT sector.

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