Everyday food prices soar as supermarket inflation hits 17.2% - Which? News (source behind paywall)
(Which is the publication issued by the UK Consumer’s Association, a not for profit which is roughly equivalent to US Consumer Reports organisation)
A few key data points
- Inflation in food in the UK is not yet abating, despite other optimistic reports.
- Some categories spiked at nearly 25% yoy
(although, in a US-UK context UK food is generally 30% cheaper and of better quality/provenance).
- The cheapest products (supermarket own brand budget ranges) increased the most (by a significant amount)
- The discounters (Aldi/Lidl) increased the most (again by a significant amount)
- Ecommerce angle: retailers who offered home delivery at scale didn’t increase as much as those who did not (by a significant amount); possibly due to starting from a higher price point they could absorb more of the cost increases, taking a hit to margin. (results from premium supermarket Waitrose, who is subscale for ecommerce, supports this analysis)
- Qcommerce operators not included in the dataset.