Inflation

Hungary To Remove Price Caps On Basic Foodstuffs From 1 August

Hungary's government plans to remove price caps on basic foodstuffs from 1 August, and order retailers to make bigger mandatory price cuts for certain food...

Carrefour Cutting Prices On 500 Products In France

Food retailer Carrefour started cutting prices this week by around 10% on average on some 500 products to help French shoppers cope with high cost of livin...

Canadian Inflation Causing Shoppers To Focus On Essentials

Canada's national statistics agency has revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to ch...

French Spirits Exports Fall 20% As Inflation Hits, Industry Says

French spirits exports plunged 20% in the first quarter of the year after rising in 2022 as inflation prompted consumers around the globe to shift away fro...

M&S Lowers Or Freezes Price Of More Than 200 Food Products

Britain's Marks & Spencer on Monday became the latest supermarket to cut food prices, adding to signs that a surge in inflation is set to abate.

Belgian Government Orders Food Industry To Lower Supermarket Prices

The Belgian Federal Minister for the Economy, Pierre-Yves Dermagne, has given a mid-July deadline for food producers to bring down supermarket food prices.

UK Retailer Morrisons Announces Further Price Cuts

British supermarket Morrisons said it is cutting the prices of 47 products by an average of over 25%, in another sign that a surge in inflation might be se...