BusinessPostCorner.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Food prices ‘not going anywhere but up’, warns retail body

January 9, 2025
in Business
Reading Time: 1 min read
A A
0
Food prices ‘not going anywhere but up’, warns retail body
ShareShareShareShareShare

On Thursday, BRC chief executive Helen Dickinson said that modelling by the lobby group, combined with predictions from 52 chief financial officers, had led it to forecast much higher food price inflation in the latter half of the year.

“As retailers battle the £7bn of increased costs in 2025 from the Budget, including higher employer National Insurance, National Living Wage, and new packaging levies, there is little hope of prices going anywhere but up,” she said.

The lobby group said food price inflation in December was running at 1.8%, which was its lowest rate since November 2021.

The BRC uses a different basket of goods to measure inflation compared to official figures from the Office for National Statistics, but they are broadly similar.

In the run-up to Christmas, prices went down in shops overall, but this was due to non-food goods deflation, BRC said.

The pace of price rises for fresh food such as fruit and vegetables went up 1.2%, while inflation for store cupboard goods was 2.8%.

Credit: Source link

ShareTweetSendPinShare
Previous Post

‘Trump 2.0″ looms large over the global economy

Next Post

Mark Zuckerberg wore one of the rarest watches in the world, worth $900,000, while announcing the end of fact-checking at Meta

Next Post
Mark Zuckerberg wore one of the rarest watches in the world, worth 0,000, while announcing the end of fact-checking at Meta

Mark Zuckerberg wore one of the rarest watches in the world, worth $900,000, while announcing the end of fact-checking at Meta

Coinbase Named TIME ‘Disruptor’ as Stock Soars 42% on Crypto Policy Wins

Coinbase Named TIME ‘Disruptor’ as Stock Soars 42% on Crypto Policy Wins

June 29, 2025
XRP Price Prediction: Ripple Ends SEC Lawsuit – Up 4.4% in 24h, Is .50 Next?

XRP Price Prediction: Ripple Ends SEC Lawsuit – Up 4.4% in 24h, Is $3.50 Next?

June 28, 2025
Heathrow fire caused by ‘catastrophic failure’ at substation

Heathrow fire caused by ‘catastrophic failure’ at substation

July 2, 2025
Donald Trump threatens to raise tariffs again on Japan

Donald Trump threatens to raise tariffs again on Japan

July 1, 2025
South Korea Puts Brakes on CBDC Plans — Here’s What to Know

South Korea Puts Brakes on CBDC Plans — Here’s What to Know

June 30, 2025
Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for 0 SOL?

Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

July 1, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Jeremy Corbyn confirms plans to form new party

Jeremy Corbyn confirms plans to form new party

July 4, 2025
Bitrue Launches Tokenized Stock Trading for US Equities via xStocks

Bitrue Launches Tokenized Stock Trading for US Equities via xStocks

July 4, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!