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Food and beverage industry reacts to underwhelming Spring Budget
Jeremy Hunt has announced the Spring Budget for 2024. Here New Food shares how the sector has responded and why some believe it is a "missed opportunity".
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British Retail Consortium (BRC)
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Food inflation eases for tenth consecutive month
ONS has revealed that the annual rate of inflation for food and non-alcoholic beverages has dipped to seven percent, driven by items including chocolate biscuits, cooking sauces and instant coffee.
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Food inflation makes significant 2.1 percent drop
Data from the Office for National Statistics has revealed that food and non alcoholic beverage inflation has made a sharp drop down to 10.1 percent in October 2023.
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Brits stall on spending despite landmark single digit grocery inflation
Grocery price inflation has reached single digits for the first time since July 2022 and now sits at 9.7 percent, latest data reveals.
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Fresh food inflation at lowest level in two years
Data from the BRC has revealed that food inflation was down to 9.9 percent in September from 11.5 percent in August.
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Food inflation falls for fifth month in a row
Food and non-alcoholic beverage inflation decreased by 1.3 percent between July and August 2023, dropping to 13.6 percent, according to ONS.
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Food inflation reaches lowest level in last 12 months
New data from the BRC has revealed that food inflation decelerated to 11.5 percent in August 2023 and is at it lowest since September 2022.
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Is the UK about to launch a food price cap?
Multiple sources have suggested that the UK Government is in talks with retailers to launch a voluntary price cap scheme.
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Food inflation at highest level in over 45 years
The Office for National Statistics has announced that food inflation climbed to 19.2 percent in March 2023.
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Food inflation jumps to 18.2 percent with vegetables a key culprit
Food and non-alcoholic beverage inflation is on the rise again, jumping by 1.4 percent between January and February 2023.
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Asda and Morrisons cap fruit and veg sales amid shortage
Two major UK supermarkets have limited their sales of fruit and vegetables to manage an import shortage.
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Food inflation dips but still remains high
Food inflation in January 2023 dipped slightly from the previous month but still remains high at 16.7 percent.
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UK retail sales rise by 6.5 percent
New data from the British Retail Consortium has revealed that retail sales in the UK improved throughout December 2022 amid food inflation.
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Aldi secures record sales while food inflation breaks records
4 January 2023 | By
Aldi UK claims it has achieved record sales during December, reportedly exceeding £1.4 billion in a month where food inflation reached 13.3 percent.
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“Christmas cheer will be dampened” by food inflation
The BRC has forecasted an “increasingly bleak” winter with food inflation increasing to 12.4 percent in November.
