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Bad weather makes consumers trim supermarket shop and rethink summer purchases despite slower food price risesBusiness live – latest updatesBritons have cut back on their supermarket shopping and traditional summer purchases because of recent poor weather, even though grocery price inflation slowed further, according to a report.Supermarket prices were 2.1% higher than a year ago in the four weeks to 9 June, according to the retail researchers Kantar. This is down from May’s 2.4% inflation rate, and marks the 16th month that price rises have slowed. Kantar found costs are falling in nearly a third of the categories it tracks, including toilet tissue, butter and milk, an improvement from last year when just 1% of categories showed price declines. Continue reading…
Bad weather makes consumers trim supermarket shop and rethink summer purchases despite slower food price rises
Business live – latest updates
Britons have cut back on their supermarket shopping and traditional summer purchases because of recent poor weather, even though grocery price inflation slowed further, according to a report.
Supermarket prices were 2.1% higher than a year ago in the four weeks to 9 June, according to the retail researchers Kantar. This is down from May’s 2.4% inflation rate, and marks the 16th month that price rises have slowed. Kantar found costs are falling in nearly a third of the categories it tracks, including toilet tissue, butter and milk, an improvement from last year when just 1% of categories showed price declines.
