Labour Party

UK Food Inflation Could Reach Nearly 5% in 2025 – IGD

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.

Stuart Rose, executive chairman of British retailer Asda, has stepped down from his role and will be replaced by veteran Allan Leighton.

British retailers’ optimism has fallen to a two-year low following the UK's budget, the Confederation of British Industry has said.

UK shoppers face renewed pressure on their budgets in October as inflation edged higher for the second month in a row, according to Kantar.

British department store John Lewis is “quietly optimistic” about trading in the run-up to Christmas, the executive director Peter Ruis said.

British shoppers impacted by the cost of living crisis will not start spending again until the new government sets out tax and spending plans.

British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, official figures showed on Friday.

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