Finance
UK grocery inflation rises to 2.6%, says Kantar
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
UK grocery inflation rose to 2.6% in December, with Tesco's sales climbing 5.2%. Supermarkets warn of further inflation due to tax and wage increases.
LONDON (Reuters) - British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher, industry data showed on Tuesday.
Market researcher Kantar said annual grocery price inflation was 2.6% in the four weeks to Dec. 1, having been 2.3% in the previous four-week period.
Prices are rising fastest in products such as toothbrushes, chilled smoothies & juices, and fragrances and falling fastest in items including household paper products, dog food and ambient savoury meals, Kantar said.
Among individual supermarkets, Britain's biggest, Tesco, saw sales in the 12 weeks to Dec. 1 rise 5.2%. It had a market share of 28.1%, its highest since December 2017.
UK supermarkets have warned that tax rises in the new Labour government's first budget in October, together with another rise in the national minimum wage, will be inflationary.
Official data published last month showed overall UK inflation jumped to 2.3% in October. Data for November will be published Dec. 18.
(Reporting by Sachin Ravikumar; Editing by Kate Holton)
The main topic is the rise in UK grocery inflation to 2.6% and its impact on shopper budgets.
Tesco's sales rose by 5.2%, achieving a market share of 28.1%, the highest since December 2017.
Toothbrushes, chilled smoothies & juices, and fragrances saw the fastest price increases.
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