According to retail researcher Kantar, supermarket prices were 2.1% higher than a year ago in the month leading up to 9 June, 0.3 percentage point lower than the 2.4% recorded in May. Kantar also noted that prices were falling in almost a third of the groceries it tracks, such as toilet tissues, milk and butter. Fraser McKevitt, head of retail and consumer insight at Kantar, said: «The sixth wettest spring on record has not just dampened our spirits leading into summer, it is made a mark on the grocery sector too as it seems Britons are being put off from popping to the shops.» C...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.uk