Grocery price inflation soars to new heights

After a short-lived dip at the end of 2022, grocery price inflation rose to a record 16.7% in the four weeks to 22 January 2023 – the highest level since Kantar started tracking the figure in 2008.

Overall take-home grocery sales increased by 5.7% during the four-week period and by 7.6% in the 12 weeks to the same date.

Fraser McKevitt, head of retail and consumer

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