Savory snacks and beef fuel UK food inflation -Kantar

0

Shoppers walk past the first Sainsbury’s cashless store in London, Britain, May 1, 2019. REUTERS/Toby Melville

Sign up now for FREE unlimited access to Reuters.com

to register

  • UK food price inflation was 3.8% in January
  • 0.3 percentage points higher than in December
  • UK grocery sales fell 3.8% year-on-year over a 12-week period
  • Tesco once again outperforms its major competitors
  • Razor and deodorant sales soar as Brits return to work

LONDON, Feb 1 (Reuters) – UK food inflation rose to 3.8% in the four weeks to January 23, with prices for savory snacks, chips and beef rising the most, market researcher Kantar said on Tuesday, underscoring the rising costs. of the livelihood that many households face.

The result represented a 0.3 percentage point increase over Kantar’s December report and adds an additional 180 pounds ($242) to the average household’s annual grocery bill over 12 months. Continue reading

“We’re likely now seeing that shoppers are looking to keep costs down by looking for cheaper products and promotions,” said Fraser McKevitt, Kantar’s head of retail and consumer insight.

Sign up now for FREE unlimited access to Reuters.com

to register

With official UK data showing headline consumer prices rose by 5.4% annually in December, the highest rate in almost 30 years, inflation is a hot political issue. Continue reading

According to Kantar, supermarket sales in the 12 weeks ended Jan. 23 fell 3.8% year over year, although sales were 8.0% higher than the same period of 2020 before the COVID-19 pandemic hit retail impaired.

Market leader Tesco (TSCO.L) once again outperformed its four major rivals with a 1.9% yoy drop in 12-week sales.

Sainsbury’s (SBRY.L), Asda and Morrisons saw sales decline 4.8%, 5.3% and 8.5%, respectively.

While Tesco’s market share rose 0.6 percentage points to 27.9%, a full year of gains, its three biggest rivals lost all shares.

Kantar also noted that there was evidence that people were scrubbing themselves as work-from-home orders ended and socializing increased.

Razor blade sales rose 14% and deodorant spending 20% ​​as Britons strove to make themselves presentable.

Market share and revenue growth (%)

Source: Kantar

($1 = 0.7437 pounds)

Sign up now for FREE unlimited access to Reuters.com

to register

Reporting by James Davey; Edited by Sandra Painter

Our standards: The Thomson Reuters Trust Principles.

Share.

Comments are closed.