Topic filter : Food Prices

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.... He said during the referendum campaign that we would have better trade deals and cheaper food outside the market-distorting protections of the EU. Instead, thanks to a fall in sterling post-Brexit, rising food prices, increasing inflation and labour shortages are likely to make things worse. ... [Read full article on Guardian ]
Monday 26th of June 2017 06:00:02 AM
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....1% month-on-month in June, according to estimates by Scotiabank, while core items such as clothing, household and recreational goods continued to rise in price. Alan Clarke, head of Scotiabank’s European fixed income strategy, said food prices and air fares likely made the most notable gains last month, alongside smaller increases in alcohol costs, restaurant prices and package holidays. ... [Read full article on Guardian ]
Sunday 16th of July 2017 06:13:15 PM
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.... They would have to approve any takeover and many are fiercely protective of their independence. Laith Khalaf, a senior analyst at Hargreaves Lansdown, said the bigger picture remained challenging for UK supermarkets: “Weaker sterling is pushing up food prices and putting a dent in consumers’ purses, while the trading environment remains as competitive as ever. ... [Read full article on Guardian ]
Tuesday 4th of July 2017 06:53:35 AM
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Latest Finance News related to Food Prices

Low-paid should receive inflation-only rises, say business leaders image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:13:15 PM
....1% month-on-month in June, according to estimates by Scotiabank, while core items such as clothing, household and recreational goods continued to rise in price. Alan Clarke, head of Scotiabank’s European fixed income strategy, said food prices and air fares likely made the most notable gains last month, alongside smaller increases in alcohol costs, restaurant prices and package holidays. ...
Sainsbury's sales sizzle as shoppers snap up paddling pools image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:53:35 AM
.... They would have to approve any takeover and many are fiercely protective of their independence. Laith Khalaf, a senior analyst at Hargreaves Lansdown, said the bigger picture remained challenging for UK supermarkets: “Weaker sterling is pushing up food prices and putting a dent in consumers’ purses, while the trading environment remains as competitive as ever. ...
Brexit could destroy the UK's food and farming industry – or be the making of it | Felicity Lawrence image
.... He said during the referendum campaign that we would have better trade deals and cheaper food outside the market-distorting protections of the EU. Instead, thanks to a fall in sterling post-Brexit, rising food prices, increasing inflation and labour shortages are likely to make things worse. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....3% rise in VAT receipts, although recent shopping trends appear to show this will weaken in the coming months. The Bank of England said in a separate report that higher food prices were leaving people with less money to spend on non-essentials such as furniture and eating out. ...
Gordon Ramsay's Brexit nightmare: chef hires team to halt rising costs image
....The celebrity chef Gordon Ramsay has drafted in a specialist team of Brexit negotiators to tackle rising food costs at his restaurant empire. The Michelin-starred restaurateur, who runs some of Britain’s top dining destinations including London’s Savoy Grill and Petrus, is concerned about the fastest rise in food prices in three years. ...
Food inflation 'hits three-year high' on weak pound image
Source : BBC [Read Article] Wednesday 31st of May 2017 07:58:59 AM
....It comes as another study found a surprise pick-up in consumer confidence despite a predicted pre-election slump. According to the BRC, processed food prices showed the steepest rise in May, at 1. ...
Price rises caused by Brexit a big worry for UK consumers, survey finds image
.... Spiralling holiday costs are a concern for 35%, with 26% fearing higher prices for clothing and shoes. As shoppers have become used to ultra-low food prices following several years of deflation, impending price rises could prove painful for household budgets, the report warns. ...
Aldi plans to open up to eight stores in some UK towns image
Source : Guardian [Read Article] Thursday 11th of May 2017 06:56:14 PM
....”. Aldi opened its first UK store in Stechford, Birmingham, in 1990 but did not become a force to be reckoned with until the last recession, when both it and Lidl won over Britons struggling with their grocery bills at a time when food prices were soaring. ...
Eurozone inflation picks up to 1.9% image
Source : BBC [Read Article] Friday 28th of April 2017 10:13:23 AM
....The main factor behind April's pick-up in inflation was rising energy prices. Core inflation - a measure that is watched closely by the ECB and which strips out energy and unprocessed food prices - rose to 1. ...
Food and fuel inflation 'hitting UK supply chain' image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:00:38 AM
.... . According to Begbies Traynor, rising energy and food prices, combined with the recent fall in the pound, had "undoubtedly put a strain on much of the UK supply chain". ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
....3% in March, according to figures from the Labor Department. It said falling fuel prices and mobile phone charges drove the decline in the consumer price index (CPI) and were only partially offset by rising food prices. ...
Bulgaria's Sunny Beach offers 'best value in Europe' image
Source : BBC [Read Article] Thursday 13th of April 2017 11:32:31 PM
....The same goods cost £119 in Sorrento in Italy and £117 in Nice in France. Andrew Brown, a spokesman for Post Office Travel Money, said Sunny Beach's good value owed much to its food prices. ...
Why dental floss and kippers explain your rising post-Brexit shopping bill image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:37:34 PM
.... According to industry watchdogs, British supermarkets have responded to Brexit-induced inflation and the weaker pound by quietly hiking the cost of less regular purchases such as light bulbs, water filters and dental floss. According to the Office of National Statistics, food prices rose in annual terms for the first time in almost three years. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
....Official figures put inflation on the consumer prices index (CPI) at 2. 3% for the second month running in March, in line with economists’ forecasts, as food prices rose at the fastest pace for three years, increasing 1. ...
UK inflation rate remains at 2.3% image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:32:36 AM
....The main downward effect on inflation last month came from air fares, which was due to the timing of Easter. However, the ONS data showed food prices in March were 1. ...
Tesco to report a return to financial health image
Source : Guardian [Read Article] Sunday 9th of April 2017 04:14:41 PM
....Macquarie analyst Sreedhar Mahamkali thinks Tesco is on track to bank £1. 3bn for the year to the end of February thanks to cost-cutting and a more benign pricing environment after two years of falling food prices came to an end. ...
Co-op boss shrugs off £130m loss to focus on group's 'stellar progress' image
....The Co-op Group chief executive, Steve Murrells, who took over from Richard Pennycook last month, said the chain was benefiting from the trend towards shopping little and often in local stores and improvements in its food ranges and stores. He said food prices were now rising by 1. ...
The car-loan boom isn’t the housing bubble. But there still might be a crash image
....Of all the warnings that pro-Brexit voters chose to ignore last June, the notion that planes might cease to link this island to the continent barely figured on the Project Fear register. Nine months on, with the pound depressed, food prices up, and article 50 triggered, it might be worth hesitating a little longer when Ryanair repeats that there is a “distinct possibility of no flights” for a period when Brexit happens. ...
From energy bills to dental work, it's UK national price hike day image
Source : Guardian [Read Article] Friday 31st of March 2017 11:23:14 AM
....4%. The rise in food prices ended a run of falling prices that began in September 2014 as supermarket competition in the sector intensified and companies stepped up price wars. ...
Poorest UK families struggle to put food on the table, survey finds image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:42:08 PM
....Nutrition experts said the findings confirmed fears that the poorest families struggled to eat well, and called on ministers to review the impact of welfare cuts. Although the FSA did not speculate on why some households were more at risk, other studies have shown that benefit freezes coupled with rising food prices are a big driver of food insecurity. ...
Price of imported fruit and vegetables 'will rise by up to 8% after Brexit' image
....”. Smit’s arguments counter claims from Brexit supporters that food prices will fall as high tariffs on goods imported from outside the EU are removed. ...
London's leading shares lose ground image
Source : BBC [Read Article] Wednesday 22nd of March 2017 08:45:47 AM
....The previous day, sterling had made gains after UK inflation in February rose to 2. 3%, driven by rising fuel and food prices. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... That currency effect has combined with a rise in global oil prices to push inflation higher in recent months, causing a rude awakening for consumers, who had enjoyed near-zero inflation throughout 2015 and the first half of 2016. Howard Archer of consultancy IHS Markit predicts that Tuesday’s figures will confirm the rising trend for inflation: “Inflation is expected to have been lifted in February by significantly increased food prices. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
.... It's reluctant to raise interest rates to fully offset that because of concern about the impact on jobs and economic growth. In the eurozone inflation is still quite subdued if you take out energy and food prices which are very volatile. ...
UK shares lifted by takeover news image
Source : BBC [Read Article] Monday 13th of March 2017 09:09:59 AM
....Dominos Pizza was one of the biggest losers on that index, with a 4. 3% slide, after analysts at Citigroup cut their rating of the shares, blaming rising food prices and fierce competition. ...
Get ready for food inflation to take a bite out of growth | Vicky Pryce image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:37:50 PM
.... For the moment, those cost increases are not being fully passed on – but this is beginning to happen and the process is likely to accelerate in coming months. Global food prices have risen 17% over the last year and the extra pressure from the sterling’s decline is not helping. ...
Food inflation doubles in a month as UK shoppers start to feel the pinch image
.... A weaker pound makes goods imported from overseas more expensive. The rise in food prices ends a run of falling costs that began in September 2014 as supermarket competition in the sector intensified and companies stepped up price wars. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
.... The basket is designed to reflect spending patterns but it will never truly reflect any one person’s actual spending. So when rising food prices drive a rise in inflation, as is currently the case, poorer households will feel that more acutely because they spend a bigger proportion of their money on food. ...
Inflation returns to Japan for the first time in more than a year image
Source : Guardian [Read Article] Friday 3rd of March 2017 04:43:07 AM
....That will also undermine the Bank of Japan’s efforts to accelerate inflation to its still-distant 2 percent target, analysts say. Government data showed on Friday that the core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, rose 0. ...
Eurozone inflation above European Central Bank's target image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:32:34 AM
....The bank has cut its main interest rate to zero and embarked on the bond-buying programme to try to stimulate growth in the eurozone and avoid deflation, or falling prices. Although inflation is now above its target rate, February's core inflation rate - which strips out the impact of energy and food prices - was unchanged at 0. ...
UK workers' wages fell 1% a year between 2008 and 2015, TUC says image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:43 AM
....The TUC’s general secretary, Frances O’Grady, said: “UK workers suffered one of the worst pay squeezes in the world after the financial crash. And with food prices and household bills shooting up again, another living standards crisis is a real danger. ...
Brexit economy: can consumers keep shoring up the UK? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 10:41:44 AM
Shoppers set to DITCH big brands & switch to cheaper own-label produce if food prices rise image
. For the latest research shows that shoppers would abandon brands for own-label, switch to cheaper supermarkets and even cut back on chocolate if food prices rise in the wake of Brexit. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
....There are some factors in Kraft Heinz’s favour. Unilever’s recent row with Tesco about increasing the price of Marmite shows it is working hard to protect profit margins at a time when costs are rising and supermarkets are trying to push food prices down. ...
UK employment growth driven by foreign nationals, figures show image
Source : Guardian [Read Article] Wednesday 15th of February 2017 10:46:10 AM
....James Smith, economist at ING, said the latest report would “ring alarm bells” for consumers. Fuel and food prices pushed up the headline inflation rate from 1. ...
What level does inflation have to reach to erode savings and pensions? image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 01:15:00 PM
.... . Rising fuel costs and food prices - which remained unchanged between December and January - boosted inflation, the Office for National Statistics said. ...
UK inflation rises to 1.8% spurred by weak pound and rising fuel costs image
Source : Guardian [Read Article] Tuesday 14th of February 2017 10:30:41 AM
....4% between December and January. There was also upward pressure from food prices, which continued to fall last month but at a significantly slower pace. ...
UK inflation is forecast to come in shy of Bank of England's 2 per cent target image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:00:00 AM
....Restaurants and shops have been accused of sparking a lettuce ration in supermarkets by bulk-buying the salad favourite amid a European vegetable shortage. Rising food prices was one of the biggest contributors to CPI in December, with a jump in vegetable costs pushing food up by 0. ...
UK labour shortages reported as EU worker numbers fall image
Source : Guardian [Read Article] Monday 13th of February 2017 07:01:07 AM
.... The figures needed to be treated with caution though, warned Davies as they had not been seasonally adjusted. At the end of last year industry groups representing the major supermarkets and food manufacturers warned that EU workers provided “an essential reservoir of skilled, semi-skilled and unskilled labour” and without them food prices would rise. ...
Young people optimistic about economy despite Brexit, says study image
Source : Guardian [Read Article] Monday 30th of January 2017 07:00:46 AM
....Inflation jumped to the highest rate for two and a half years in December, hitting 1. 6% after a jump in air fares, food prices and fuel. ...
Brexit's mixed bag: good for scotch, bad for washing machines image
Source : Guardian [Read Article] Thursday 26th of January 2017 11:58:23 AM
. The contrasting impact of Britain’s vote to leave the European Union on business was underlined when some of the world’s largest companies warned it had hiked food prices and lowered demand for household appliances on one hand but raised overseas profits for British companies on the other. ...
'It's a crisis that keeps on hurting' - experts debate Brexit watch data image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:10:06 AM
.... The consumer prices index rose to 1. 6%, pushed up by airfares, food prices and fuel, it was the fastest pace of price rises for two-and-a-half years. ...
Beer prices rise amid sobering threat of Brexit-related inflation image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:37 PM
....Heineken and Carlsberg have become the latest beer makers to raise prices, following MolsonCoors – maker of the UK’s most popular beer, Carling – and ABInBev, whose stable of brands includes Budweiser. Signs that beer is getting more expensive came as toy manufacturers warned prices could rise by 15% owing to the plunging pound, which is also beginning to put pressure on food prices. ...
Food prices to soar after sterling collapse, warn retail chiefs image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
.... . He said: “Inflation should increase further as sterling’s depreciation continues to work its way through the supply chain and the falls in fuel and food prices at the start of 2016 drop out of the inflation rate. ...
UK throwing away £13bn of food each year, latest figures show image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:01:18 AM
.... The avoidable food waste generated 19m tonnes of greenhouse gases over its lifetime – and preventing that pollution would be equivalent to taking one in four cars off UK roads, Wrap said. It pointed to progress made since it started assembling detailed records and analysis nine years ago, but said that falls in food prices and rising incomes since 2014 had reduced the incentive for people to cut their food waste, halting a previous downward trend. ...
Engine of growth image
Source : BBC [Read Article] Monday 19th of December 2016 01:07:35 AM
....There's recently been a resurgence of interest in biodiesel. It's less polluting than oil fuel, but it's controversial - it competes for land with agriculture, pushing up food prices. ...
Brexit and price hikes push up the cost of Christmas for Britons image
Source : Guardian [Read Article] Saturday 17th of December 2016 08:00:17 AM
....For now it seems importers and retailers are taking a hit to their own margins rather than choosing to charge more in the shops, but according to the Guardian’s analysis Christmas will give shoppers a taste of higher inflation ahead. Not everything is more expensive – official figures show food prices in shops are still lower overall than a year ago. ...
UK naive to expect easy ride in Brexit trade talks, says Lords report image
Source : Guardian [Read Article] Tuesday 13th of December 2016 12:01:41 AM
.... “There is no free lunch,” said Dr Ulf Sverdrup, director of the Norwegian Institute of International Affairs. Far from escaping the protectionism of “Fortress Europe”, as some Brexit supporters have promised, walking away entirely and relying on the WTO tariff regime could both push up food prices and introduce huge uncertainty for UK farmers who would have to fight to inherit quotas agreed under opaque WTO “schedules”. ...
Ed Miliband joins call for soft Brexit as conflict in Labour grows image
Source : Guardian [Read Article] Saturday 10th of December 2016 08:47:34 PM
.... Another poll, by consumer magazine Which?, indicates the economic effects of Brexit are a major worry for much of the public. It shows almost half the population (47%) are worried about Brexit, up eight points since September, with nearly two-thirds concerned about its potential impact on food prices. ...
Food industry warns of higher prices without EU workers image
Source : BBC [Read Article] Friday 9th of December 2016 07:19:46 AM
. The UK faces higher food prices without continued access to EU workers, 30 food and drink associations have warned. ...
UK food prices will rise without EU workers, say trade groups image
Source : Guardian [Read Article] Thursday 8th of December 2016 06:30:35 PM
.... “All options should be explored, including a workable points-based system for shortage occupations, sector-based and seasonal/guest worker schemes and effective transitionary arrangements. If it is not, the UK will face less food choice and higher food prices. ...
EU workers in food and drink industry need assurance over Brexit | Letters image
Source : Guardian [Read Article] Thursday 8th of December 2016 06:00:06 PM
.... All options should be explored, including a workable points-based system for shortage occupations, sector-based and seasonal/guest worker schemes and effective transitionary arrangements. If they are not, the UK will face less food choice and higher food prices. ...
Reality Check image
Source : BBC [Read Article] Monday 5th of December 2016 11:00:19 PM
....The selection may have more to do with which items are in the Office for National Statistics' inflation basket of goods going back to 1968. Taking a broader look at prices, the British Retail Consortium says food prices were 0. ...
Thousands of UK restaurants could go bust, accountancy firm warns image
Source : Guardian [Read Article] Monday 5th of December 2016 12:01:09 AM
....The business’s new chair Debbie Hewitt, who took over in March as part of a boardroom shake-out, has said the drop in the value of the pound following the referendum would push up the price of imported food next year but added that the company cannot afford to pass this on to customers. There have been a growing number of warnings over dearer food prices, from Britain’s biggest supermarket, Tesco, and others, and the impact on poor families. ...
Tories seek positive uncertainties in a deluge of negative certainties image
Source : Guardian [Read Article] Wednesday 30th of November 2016 07:40:21 PM
.... Chote thought about this for a while. “I suppose if we returned to agricultural support, dropped to their pre-1973 levels, then food prices might be lower,” he offered. ...
Chancellor spreads giveaways thinly for Britain's 'Jams' image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 03:40:30 PM
....However, as the Resolution Foundation thinktank said, these gains were more than outweighed by cuts to the work allowance, which is the amount you can earn before your benefits are tapered away. The households affected by this will be hit the most by rising food prices, which have a disproportionate impact on poorer Britons. ...
Supermarket prices 'to rise by 5%' image
Source : BBC [Read Article] Wednesday 23rd of November 2016 07:24:00 AM
....In that time, the company's revenue grew almost constantly, but prices rose much more slowly. In recent years, food prices have even had spells of deflation. ...
Asda sales tumble in third quarter image
Source : BBC [Read Article] Thursday 17th of November 2016 12:47:41 PM
.... . Walmart's chief financial officer Brett Biggs told Reuters that falling food prices continued to be "challenging" for the retailer. ...
Weak sterling puts Irish mushroom farmers in the shade image
Source : Guardian [Read Article] Saturday 12th of November 2016 12:04:20 AM
....”. During the UK referendum campaign on Europe the remain side claimed that food prices would rise if the electorate opted for Brexit. ...
Sainsbury’s boss says suppliers should take hit over falling pound image
Source : Guardian [Read Article] Wednesday 9th of November 2016 09:08:09 AM
....The retailer said it was on track to deliver £500m of cost reductions by the end of 2017-18, and had also identified another £500m of cost savings that could be realised over three years from 2018. Consumers are likely to face rising food prices in the coming months if supermarkets start to pass on the higher cost of imported goods to customers. ...
Restaurant food sales soar as UK tastes change image
Source : BBC [Read Article] Tuesday 1st of November 2016 03:48:26 PM
....Another possible reason is the aggressive price war between supermarkets. This has pushed down food prices, leaving us more money with which to treat ourselves. ...
Nestle cuts growth forecast as food prices fall image
Source : BBC [Read Article] Thursday 20th of October 2016 07:17:46 AM
....2% it forecast in August. The firm, whose brands include Nespresso and KitKat, blamed "the current softer environment", which it says is causing food prices to fall. ...
Tesco and Unilever settle Marmite dispute image
Source : Guardian [Read Article] Thursday 13th of October 2016 06:36:08 PM
.... Other negotiations may be less public, but it’s understood that a number of suppliers have approached supermarkets asking for cost increases to be covered. Monteyne predicts that food prices will rise by about 3% over time as the impact of the falling value of the pound is reflected on supermarket shelves. ...
Born lucky? Children of the 60s, 70s and 80s on buying their first homes image
Source : Guardian [Read Article] Saturday 8th of October 2016 06:00:35 AM
.... That said, I think that it is so much harder to be financially stable now. The cost of living – house prices, food prices, energy prices – has increased far more than incomes, and this has left people often being forced to spend around 40% of their earnings on simply keeping a roof over their heads. ...
World food prices surge in September image
Source : BBC [Read Article] Thursday 6th of October 2016 11:25:33 AM
. World food prices were up in September, driven largely by the rising cost of sugar, the UN's food agency says. ...
India's central bank cuts interest rates image
Source : BBC [Read Article] Tuesday 4th of October 2016 10:02:30 AM
.... . It is expected to keep falling in the coming months, following a good monsoon season which brought down food prices. ...
UK inflation rate holds steady at 0.6% image
Source : BBC [Read Article] Tuesday 13th of September 2016 08:33:23 AM
....The UK inflation rate, as measured by the Consumer Prices Index (CPI), was unchanged from July. Rising food prices and air fares pushed prices higher, the Office for National Statistics said, partly offset by cheaper prices for hotel rooms. ...
Record drop in food prices may not be sustained image
Source : BBC [Read Article] Monday 5th of September 2016 10:54:47 AM
....The cost of food fell by a record amount last month, according to the British Retail Consortium (BRC). The BRC Neilsen Shop Price Index showed food prices fell 1. ...

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