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Showing posts from May, 2022

Irish Grocery Sales Fall As Inflation Reaches Nine-Year High

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Namnews, 31st May 2022 The latest take-home grocery figures for Ireland have revealed that sales in the country fell by 6.5% in the 12 weeks to 15 May 2022, according to the latest figures from Kantar. The report noted that the drop came as grocery inflation hit 5.5%, marking the first time it has risen above 5% since August 2013. David Berry, Managing Director for Kantar Worldpanel Ireland, noted: “Food and drink prices are continuing to climb, and the impact of this on grocery budgets is now unavoidable for many people. Our research shows the rising cost of living is a key concern for 81% of Irish consumers. A staggering 62% expect that they will have to cut back on the amount of food they buy in response to current prices. We’ll be seeing the effects of inflation for months to come.” Shoppers are shifting their behaviour to manage the cost of buying food, including by turning to cheaper alternatives. Berry explained: “People are now making four fewer trips to the supermarket on aver

How is the cost of living crisis affecting grocery shopping habits?

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  How is the cost of living crisis affecting grocery shopping habits? By  Carina Perkins | 27 May 2022 | 2 min read o comments Save article Supermarket prices are surging. According to latest figures from Kantar Worldpanel, grocery inflation hit 7% this month – its highest level since May 2009. Unsurprisingly, nine out of 10 Brits are concerned about this rapid rise in the cost of ther weekly shop, a survey by Kantar found. So what impact are higher prices having on shopping habits? We analysed exclusive data from a Shopmium survey of over 2,000 UK consumers to find out. The cost of living crisis is having a big impact on household finances. According to Shopmium’s survey, two thirds (66%) of Brits have experienced a reduction in their disposable income since the start of the year – with 38% saying it’s reduced by more than 10%. Recent food price inflation means over half (56%) of Brits surveyed by Shopmium said they now spend more on groceries than a year ago. The average spend is £65