Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the rising cost of living, the Ukraine crisis, labour shortages, policy developments and adapting to a new relationship with the EU. Food inflation expectations Food inflation reached 19.0% in April, the second highest level in 45 years. D...

Coaching is an essential leadership skill, enabling managers to support and guide their team with purpose - but transforming how you approach conversations can be daunting. In this live virtual event recording, you will: Explore what coaching is (and isn’t) and the benefits of using a coaching approaching, and bust some coaching myths Learn a framework that will help you elevate y...

Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the rising cost of living, the Ukraine crisis, labour shortages, policy developments and adapting to a new relationship with the EU. Food inflation peak Year-on-year CPI inflation for food and drink in April was +19.0% , marginally down c...

UK inflation in April declined to 8.7% from 10.1% in March. Food inflation remained persistently high at 19.0%. The latest inflation release from ONS shows that overall inflation in the UK has weakened, and is the first time that inflation has been below 10% since august 2022. Using the CPI method, year-on-year “all items” inflation was +8.7% in April 2023, down 1.4 percentage point...

ONS inflation data released today shows that UK food and drink prices in April 2023 were up +19.0% year-on-year, by the CPI method inflicting ongoing hardship on households. This broadly aligns to IGD’s forecast and may indicate that food price inflation has peaked – the rate in March was +19.1%, so the new data indicates a small decline. James Walton, Chief Economist at IGD, explains: “I...

A range of factors continue to disrupt supply chains including the war in Ukraine, labour shortages, increased costs of production, extreme weather conditions and the cost-of-living crisis. Sign up to our bulletin detailing our round up of the latest economic and political news focused on the food and consumer goods industry. This is covered in more detail in our latest Viewpoint r...

For well over a year now we have watched the different tactics shoppers have used to help them control their spending. We have seen shoppers: Experiment with cooking techniques that require less energy consumption (eg: air frying, stir frying) Invest more time in higher levels of planning and pre-shop activity to ensure they make the most of each trip Switch to private label ...

Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the rising cost of living, disruptions to supply chains, the Ukraine crisis, labour shortages, policy developments and adapting to a new relationship with the EU. Price rise investigation The Competition and Markets Authority has announc...

Pay growth continues upwards, driven by growth in regular pay. Inflation, however, remains very high, eroding the ‘real’ value of wages. Average regular pay (excluding bonuses) increased by 6.7% year-on year in the period between January 2023 to March 2023. This is very strong by historic standards and is up 0.1 percentage point compared to the previous 3-month period. Average pay, in...

The UK employment rate remains relatively strong, despite high inflation and weak growth. There are now a record number of people who are economically inactive due to ill health. The latest data from ONS shows that the employment rate continued to rise in the period from January 2023 to March 2023, reaching 75.9%. The slight increase in the employment rate was driven by an increase i...