UK grocery inflation edges higher, says Kantar
Corrects paragraph 7 after Kantar corrected its release to state Tesco achieved its largest share since December 2017, not its largest annual share gain this period since December 2017
LONDON, Oct 8 (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 2.0% in the four weeks to Sept. 29, having been 1.7% in the previous four-week period.
The data showed prices are rising fastest in products such as chilled soft drinks, chocolate confectionery and skin care, while falling fastest in household paper products, dog food and cat food.
Official data published last month showed overall UK inflation stayed at 2.2% in August. Data for September will be published Oct. 16, the last update before the new Labour government's Oct. 30 budget statement.
Kantar's data showed UK grocery sales rose 2.0% in value terms over the four week period year-on-year, versus 3.0% in last month's report.
Over the 12 weeks to Sept. 29 online supermarket Ocado OCDO.L was again the fastest growing grocer with sales up 10% year-on-year, taking its market share to 1.8%.
Industry leader Tesco TSCO.L saw sales growth of 5.2% and its market share rose 60 basis points to hit 28.0%, its largest share since December 2017.
Sales at No. 2 Sainsbury's SBRY.L rose 5.1% but No. 3 Asda was again the laggard, with its sales down 5.1% and it lost 1.1 percentage points of market share year-on-year.
Kantar said discounters Aldi and Lidl saw sales growth of 1.8% and 8.8% respectively.
Reporting by James Davey; Editing by Sachin Ravikumar
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
