{"id":124955,"date":"2022-02-01T08:32:04","date_gmt":"2022-02-01T08:32:04","guid":{"rendered":"https:\/\/fin2me.com\/?p=124955"},"modified":"2022-02-01T08:32:04","modified_gmt":"2022-02-01T08:32:04","slug":"savoury-snacks-and-beef-drive-uk-grocery-inflation-kantar","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/savoury-snacks-and-beef-drive-uk-grocery-inflation-kantar\/","title":{"rendered":"Savoury snacks and beef drive UK grocery inflation -Kantar"},"content":{"rendered":"

LONDON (Reuters) – British grocery inflation rose to 3.8% in the four weeks to Jan. 23, with the prices of savoury snacks, crisps and beef rising the most, market researcher Kantar said on Tuesday, underlining the growing cost-of-living squeeze facing many households.<\/p>

FILE PHOTO: Shoppers walk past the first ’till-free’ Sainsbury’s store in London, Britain, May 1, 2019. REUTERS\/Toby Melville<\/figcaption>

The outcome represented a 0.3 percentage point increase from Kantar\u2019s report for December and taken over the course of a 12-month period adds an extra 180 pounds ($242) to the average household\u2019s annual grocery bill.<\/p>\n

\u201cWe\u2019re now likely to see shoppers striving to keep costs down by searching for cheaper products and promotions,\u201d said Fraser McKevitt, Kantar\u2019s head of retail and consumer insight.<\/p>\n

With official UK data showing overall consumer prices rose in annual terms by 5.4% in December, the highest rate in almost 30 years, inflation is a hot political topic.<\/p>\n

Kantar said supermarket sales fell by 3.8% over the 12 weeks to Jan. 23 year-on-year, though sales were 8.0% higher than the same period in 2020, before the COVID-19 pandemic impacted trading.<\/p>\n

Market leader Tesco again outperformed its big four rivals with a year-on-year sales decline of 1.9% over the 12 weeks.<\/p>\n

Sainsbury\u2019s, Asda and Morrisons saw sales fall 4.8%, 5.3% and 8.5% respectively.<\/p>\n

While Tesco\u2019s market share moved up 0.6 percentage points to 27.9%, marking a full year of gains, its three biggest rivals all lost share.<\/p>\n

Kantar also noted there was evidence of people scrubbing up as work from home directives ended and socialising increased.<\/p>\n

It said razor blade sales rose by 14% and spend on deodorant increased by 20% as Britons strived to make themselves presentable.<\/p>\n

Market share and sales growth (%)<\/p>\n

Market share Market share % change in<\/p>\n

12 wks to 12 wks to sales (yr on<\/p>\n

Jan. 23 2022 Jan. 24 2021 yr)<\/p>\n

Tesco 27.9 27.3 -1.9<\/p>\n

Sainsbury\u2019s 15.6 15.7 -4.8<\/p>\n

Asda 14.4 14.6 -5.3<\/p>\n

Morrisons 9.9 10.4 -8.5<\/p>\n

Aldi 7.8 7.4 1.1<\/p>\n

Co-operative 5.7 6.0 -7.8<\/p>\n

Lidl 6.2 5.9 1.2<\/p>\n

Waitrose 5.1 5.0 -1.8<\/p>\n

Iceland 2.4 2.5 -7.2<\/p>\n

Ocado 1.8 1.7 2.3<\/p>\n

Source: Kantar<\/p>\n

($1 = 0.7437 pounds)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON (Reuters) – British grocery inflation rose to 3.8% in the four weeks to Jan. 23, with the prices of savoury snacks, crisps and beef […]<\/p>\n","protected":false},"author":3,"featured_media":124954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nSavoury snacks and beef drive UK grocery inflation -Kantar - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/savoury-snacks-and-beef-drive-uk-grocery-inflation-kantar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Savoury snacks and beef drive UK grocery inflation -Kantar - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) – British grocery inflation rose to 3.8% in the four weeks to Jan. 23, with the prices of savoury snacks, crisps and beef [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/savoury-snacks-and-beef-drive-uk-grocery-inflation-kantar\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-01T08:32:04+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/02\/Savoury-snacks-and-beef-drive-UK-grocery-inflation-Kantar.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/savoury-snacks-and-beef-drive-uk-grocery-inflation-kantar\/\",\"url\":\"https:\/\/fin2me.com\/business\/savoury-snacks-and-beef-drive-uk-grocery-inflation-kantar\/\",\"name\":\"Savoury snacks and beef drive UK grocery inflation -Kantar - 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