Lowest grocery price inflation “isn’t something to celebrate”, says Kantar
Kantar’s latest data shows grocery price inflation is the lowest it’s been since 2022, but it’s still the sixth highest monthly figure since 2008.
Food prices continue to rise as headline inflation falls
The ONS inflation data for November shows food and drink price inflation continuing to rise to 16.5%, whilst headline inflation slowed in November, down to 10.7%.
Global grocery retail to add $2.2 trillion in sales by 2024
The global grocery retail market will generate an additional US$2.2 trillion in sales by 2024, growing by 24%, according to the latest forecast from international research organisation IGD. IGD’s forecast anticipates: Asia will account for nearly 50% of all new sales...
Asia to generate $4264 billion of grocery sales by 2023
Market research from IGD Asia predicts the top five markets in Asia will account for 83% of the region’s grocery sales in 2023, and 78.8% of total growth over the next five years. The grocery market will be worth US$4264 billion by 2023, up from $3126 billion in 2018....
