UK Grocery Inflation Hit New High Of 12.4% In August, Says Kantar

By: Trademagazin editor Date: 2022. 09. 13. 08:47

Grocery inflation in the UK hit 12.4% in August, new data from Kantar has revealed, setting a new record for the British marketplace. In the 12 weeks to 4 September, take-home grocery sales increased by 3.8%, Kantar said, the third month in a row that the sector’s sales have grown, following more than a year of year-on-year declines.

According to Kantar, the current grocery inflation rate means that the average annual grocery bill will go from £4,610 to £5,181, unless shoppers change their shopping habits

It noted that the price of milk, butter and dog food are rising particularly quickly, at 31%, 25% and 29% respectively. Private label’s share of the UK grocery market now stands at 51.1%, according to Kantar.

In terms of the best-performing supermarkets during the period, Aldi (9.3%) has jumped ahead of Morrisons (9.1%) to become the UK’s fourth-biggest retailer for the first time. The discounter saw sales up 18.7% compared to the same period last year. Market leader Tesco (26.9%) saw its sales up 1.9% compared to the same period last year, with Sainsbury’s (14.6%) up 1.5% and Asda (14.1%) up 2.2%.

European Supermarket Magazine