Snacks and cat meals drive surge in UK grocery costs | Reuters

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Scales to weigh unfastened contemporary produce are seen within the UK grocery store Asda in Leeds, Britain, October 19, 2020. REUTERS/Molly Darlington/File Photo

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  • UK grocery worth inflation was 3.2% in November
  • Inflation is highest since June 2020
  • UK grocery gross sales down 3.8% year-on-year in 12-week interval
  • Tesco is once more finest performer of main teams

LONDON, Dec 7 (Reuters) – British grocery inflation hit a 17-month excessive in November, with the costs of crisps, savoury snacks and cat meals growing probably the most, market researcher Kantar stated on Tuesday.

It stated grocery worth inflation was 3.2% within the 4 weeks to Nov. 28, its highest since June 2020.

But it famous that shopper behaviour hasn’t caught up with worth rises but.

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“Habits we’d expect to see shift, like swapping branded products for own label or seeking out promotions, haven’t altered just yet,” stated Fraser McKevitt, Kantar’s head of retail and shopper perception.

He stated issues over the subsequent stage of the pandemic, with the emergence of the Omicron variant, might even see customers change the best way they store within the subsequent few weeks. Some might desire to buy on-line once more to restrict their visits to shops.

Kantar stated the typical worth of a standard turkey Christmas dinner for 4 was 27.48 kilos ($36.42), 3.4% greater than 2020.

On Monday, Bank of England Deputy Governor Ben Broadbent stated that total inflation in Britain may “comfortably exceed” 5% in April. read more

Kantar stated UK grocery gross sales fell 3.8% year-on-year within the 12 weeks to Nov. 28. In the identical interval final yr gross sales have been boosted by a second COVID-19 lockdown in England and tighter restrictions in Scotland and Wales.

Market chief Tesco (TSCO.L) was once more one of the best performer of the main gamers.

Tesco gained 0.7 proportion factors of market share within the interval, its greatest soar since 2007, taking it to its highest share since February 2019.

Separately on Tuesday, surveys for the entire UK retail sector confirmed shopper spending picked up in November, boosted by earlier-than-usual Christmas purchasing and a restoration in spending at pubs and eating places earlier than information of the Omicron variant. read more

Market share and gross sales development(%)

Source: Kantar

($1 = 0.7544 kilos)

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Reporting by James Davey; Editing by Jan Harvey

Our Standards: The Thomson Reuters Trust Principles.


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