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Reading: Grocery store costs 2% costlier than a 12 months in the past as grocery inflation rises, figures present
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Michigan Post > Blog > Business > Grocery store costs 2% costlier than a 12 months in the past as grocery inflation rises, figures present
Business

Grocery store costs 2% costlier than a 12 months in the past as grocery inflation rises, figures present

By Editorial Board Published October 8, 2024 1 Min Read
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Grocery store costs 2% costlier than a 12 months in the past as grocery inflation rises, figures present

Grocery worth inflation rose in September, with common grocery store costs now 2% costlier than a 12 months in the past, figures present.

Costs are rising quickest in markets equivalent to chilled gentle drinks, chocolate confectionery and skincare, in line with knowledge from analysts Kantar.

The unusually moist climate in September noticed scorching chocolate gross sales surge by 28%, soup by 10% and residential baking by 7%, whereas Halloween pumpkin gross sales practically doubled on final September, at just below £1m during the last 4 weeks.

It comes after the speed slowed to 1.7% in August.

Kantar’s Fraser McKevitt stated: “Within the fiercely aggressive retail sector, the battle for worth is on.

“Supermarkets are doing what they can to keep costs down for consumers and thanks to their efforts the prices in some categories are falling.”

The report additionally discovered that Tesco achieved its largest market share since December 2017. The grocery store chain now takes up 28% of the market, up from 27.4% a 12 months in the past.

The market share of Sainsbury’s elevated by 0.4 share factors to fifteen.2%.

Please refresh the web page for the fullest model.

TAGGED:expensivefiguresGroceryinflationpricesrisesshowSupermarketyear
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