Inflation

Spice Maker McCormick Raises Annual Profit Forecast Riding On Higher Prices

McCormick & Co raised its annual adjusted profit forecast, betting on price hikes and steady demand for its condiments and spices as consumers choose t...

Total UK Food And Drink Market To Grow By 19% Over Next Five Years: IGD

The total UK food and drink market is expected to be worth £315.2 billion (€367.9 billion) by 2028, growing by 19% from 2023 (£265 billion...

Britain's Ocado Follows Rivals In Cutting Some Prices

British online supermarket Ocado Retail has followed rivals by cutting prices of some essential items, adding to hopes a surge in food inflation will moder...

General Mills Forecasts Dour Profit As Price Hikes Slow Demand

General Mills has forecast full-year profit that came in largely below analysts' estimates as the Cheerios cereal maker battles with slow demand for its re...

German Consumer Morale Set To Cloud Over In July: GfK

German consumer sentiment is set to fall in July due to a decline in economic and income expectations, a GfK institute survey showed.

Four-Fifths Of UK Households Saw Disposable Income Decline In May, Study Finds

Around 80% of UK households witnessed a year-on-year decline in disposable income in May as rising living costs continued to outstrip wage growth, the late...

Belgians Set New Record For Cross-Border Grocery Shopping

Belgians spent €688 million on cross-border supermarket purchases during the first quarter of 2023, up from €489 million in Q1 2022, setting a ne...

UK's Surging Shop Price Inflation Slows In June: BRC

British shop price inflation slowed this month, offering a bit of respite for households hit by a surge in the cost of living and higher borrowing costs, a...