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The NCPC says a new term 'heatflation' has been coined to describe the temporary effect on harvests and food prices of heatwaves and droughts

Climate change, Ukraine may hinder inflation slowdown

The National Competitiveness and Productivity Council has published a report which says the effects of climate change and the ongoing war in Ukraine may hinder the rate at which inflation is expected to slow over coming years.

Business • 24 Aug 23

Sainsbury's has a 15% share of Britain's grocery market

Sainsbury's says food inflation falling as sales rise

Sainsbury's, Britain's second largest supermarket group, said today that food inflation was starting to fall as it reported a 9.8% rise in underlying sales in its latest quarter and a return to volume growth.

Business • 04 Jul 23

Core inflation, which strips out energy and food, moved higher than the headline rate for the first time to record an annual rate of 6.8% in May

Annual inflation rate slows to 6.6% in May from 7.2%

The annual rate of inflation slowed to 6.6% in May, compared to 7.2% in April, new figures from the Central Statistics Office show today.

Business • 08 Jun 23

The country's inflation rate fell to 7.2% in the 12 months to April, down from 7.7% in March

April inflation rate falls to 7.2% from 7.7% in March

New figures from the Central Statistics Office show that the inflation rate fell to 7.2% in the 12 months to April, down from 7.7% in March.

Business • 11 May 23

The cost of a cucumber in the UK was up 52% in the 12 months to March, new ONS figures show today

Cucumbers and cheese top Britain's inflation charts

Cucumbers, olive oil and cheese topped Britain's inflation chart in March, while traditional fish and chips saw the biggest price rise for diners, according to a new price comparison tool released by the country's statistics office today.

Business • 03 May 23

New Kantar figures for the 12 week period to April 16 show the rate of inflation dropped from 16.8% to 16.6%

Food inflation slows for first time in 2 years - Kantar

New figures from consultants Kantar show the rate of food inflation has dropped slightly for the first time in two years.

Business • 02 May 23

The war in Ukraine and high energy costs curbed global farm production this year

Tight grain, oilseed supplies to keep prices elevated

Drought or too much rain, the war in Ukraine and high energy costs look set to curb global farm production again next year, tightening supplies, even as high prices encourage farmers to boost planting.

Business • 28 Dec 22

Sainsbury's is spending £500m over the two years to March 2023 to keep a lid on prices

Consumers seek cheaper food in 'unprecedented' crisis

Cash-strapped Britons are buying more cheap frozen food to help cut waste and cope with "unprecedented" soaring living costs, the boss of supermarket group Sainsbury's said today.

Business • 28 Jun 22