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24 June | Other

UK grocery inflation hits highest level since March 2024 in June

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UK grocery inflation hits highest level since March 2024 in June

UK food prices rose 4.7% year-on-year in the four weeks to June 15, up from 4.1% the previous month. The increase has further strained low-income households across the country, Reuters reports.

According to Tesco representatives, new employer taxes and ongoing regulatory costs are intensifying inflationary pressures during a period of rising commodity prices.

Reuters forecasts indicate UK grocery inflation may spike to 5% this year.

Kantar data shows that sales value of the mentioned goods grew 4.1% year-on-year during the four-week period, boosted by warm weather. However, inflation-adjusted figures showed a 0.4% decline, marking the first annual decrease in 2025.

Elizaveta Kuzmicheva MarketCheese

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