{"id":39875,"date":"2022-09-13T07:59:33","date_gmt":"2022-09-13T07:59:33","guid":{"rendered":"https:\/\/www.grocerygazette.co.uk\/?p=39875"},"modified":"2022-09-14T07:09:38","modified_gmt":"2022-09-14T07:09:38","slug":"grocery-sales-food-inflation","status":"publish","type":"post","link":"https:\/\/www.grocerygazette.co.uk\/2022\/09\/13\/grocery-sales-food-inflation\/","title":{"rendered":"Grocery sales increase as food price inflation hits 12.4%, adding almost \u00a3600 to average basket"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nGrocery sales have continued to increase as price inflation hit a new record of 12.4% in August, adding \u00a3571 to the average annual grocery bill, according to the latest data from Kantar.<\/p>\n<p>Take-home grocery sales increased by 3.8% in the 12 weeks to 4 September 2022, with sales of the very cheapest value own-label products up by a third compared to a year ago.<\/p>\n<p>The figures mark the<a href=\"https:\/\/www.grocerygazette.co.uk\/?s=kantar\"> third month in a row that the sector\u2019s sales have grown<\/a> after spending more than a year in decline, following on from tough comparisons against inflated grocery sales during the pandemic.<\/p>\n<p>The rise also comes as grocery price inflation hit 12.4% during the past month, a new record based on Kantar\u2019s data.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.grocerygazette.co.uk\/subscribe-to-newsletter\/?utm_source=Article&amp;utm_medium=InStLink\" data-ol-has-click-handler=\"\"><strong>For the latest grocery news directly into your inbox,<br \/>\nsign up to Grocery Gazette\u2019s free daily newsletter here<\/strong><\/a><\/p>\n<p>Fraser McKevitt, head of retail and consumer insight at Kantar, comments: \u201cIt seems there\u2019s <a href=\"https:\/\/www.theguardian.com\/business\/inflation\" target=\"_blank\" rel=\"noopener\">no end in sight to grocery inflation<\/a> as the rate at which food and drink prices are increasing continues to accelerate.<\/p>\n<p>&#8220;Now standing at 12.4% for August, the latest figure means that the average annual grocery bill will go from \u00a34,610 to \u00a35,181 if consumers don\u2019t make changes to what they buy and how they shop to cut costs. That\u2019s an extra \u00a3571 a year.&#8221;<\/p>\n<p>Kantar&#8217;s data revealed that core grocery categories such as milk, butter and dog food are jumping up especially quickly, with rises of 31%, 25% and 29%, respectively.<\/p>\n<p>\u201cIn what is a fiercely competitive sector, supermarkets are reacting to make sure they\u2019re seen to acknowledge the challenges consumers are facing and offer best value, in particular by expanding their own-label ranges,&#8221; McKevitt said.<\/p>\n<p>&#8220;Their efforts seem to be well-received by consumers with sales of the very cheapest value own-label products up by 33% this period versus a year ago and nearly one in four baskets containing one of these lines.<\/p>\n<p>&#8220;Overall spending on all retailer own-label lines was \u00a3393 million higher during the latest four weeks, pushing own-label\u2019s share of the market to 51.1%.\u201d<\/p>\n<p>Supermarket sales also benefitted from families preparing for the end of the summer holidays and the back -to-school period, with sales of packed lunch staples such as sliced bread, cheese snacks and yoghurts up by 12%, 18% and 57% respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grocery sales have continued to increase as price inflation hit a new record of 12.4% in August, adding \u00a3571 to the average annual grocery bill, according to the latest data from Kantar.<\/p>\n","protected":false},"author":44,"featured_media":39879,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3926,3928],"tags":[5773,816,5234,823,10713],"_links":{"self":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/39875"}],"collection":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/comments?post=39875"}],"version-history":[{"count":2,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/39875\/revisions"}],"predecessor-version":[{"id":39881,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/39875\/revisions\/39881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/media\/39879"}],"wp:attachment":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/media?parent=39875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/categories?post=39875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/tags?post=39875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}