By
Reuters
Printed
December 10, 2024
British buyers confronted elevated stress on their budgets final month after grocery worth inflation edged larger, business information confirmed on Tuesday.
Market researcher Kantar stated annual grocery worth inflation was 2.6% within the 4 weeks to December 1, having been 2.3% within the earlier four-week interval.
Costs are rising quickest in merchandise equivalent to toothbrushes, chilled smoothies & juices, and fragrances and falling quickest in objects together with family paper merchandise, pet food and ambient savoury meals, Kantar stated.
Amongst particular person supermarkets, Britain’s largest, Tesco, noticed gross sales within the 12 weeks to December 1 rise 5.2%. It had a market share of 28.1%, its highest since December 2017.
UK supermarkets have warned that tax rises within the new Labour authorities’s first funds in October, along with one other rise within the nationwide minimal wage, shall be inflationary.
Official information printed final month confirmed total UK inflation jumped to 2.3% in October. Knowledge for November shall be printed December 18.
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