{"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> 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