Real wage levels are now falling at record levels , as wage growth fails to keep pace with inflation, placing household budgets under pressure. Demand for labour remains high, despite a worsening economic outlook. Unemployment remained at historic lows in May at 3.8%. The number of unfilled vacancies fell by 20,000 in June, but remains high, as businesses continue to have difficultie...

The latest inflation data from the ONS reveals that inflation has hit its highest level for 40 years. Rising food and drink prices are now the largest contributor to inflation. ONS has released its latest inflation data covering July 2022. This shows that year-on-year inflation level has reached another record high, recording 10.1% on the CPI index and 8.8% on the CPIH index. The older...

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, COVID-19 and adapting to a new relationship with the EU. Inflation increases again CPI inflation has reached another 40-year high of 10.1% in July . On the RPI measure, the ...

Matthew Stoughton-Harris, our Economics and Public Policy Manager, explains how the latest GDP figures and Bank of England forecast paints a gloomy picture for the UK economy, with recession likely from the end of 2022. Watch this video to find out more. More economic news and analysis Explore Sign up to our bulletin Our round-up of the latest economic an...

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, COVID-19 and adapting to a new relationship with the EU. GDP declines in Q2 GDP declined by 0.1% in Q2 compared to an increase of 0.8% in Q1 2022. Provisional data for June s...

IGD’s CEO, Susan Barratt, contributes to the BRC’s Retail Sales Monitor, providing insight on UK food and drink sales. July’s food and drink value sales were again flattered by inflation, masking some ongoing dips in sales volumes. Shoppers are genuinely tightening their belts by buying fewer items in addition to switching stores and buying more private label products. Our Shopper Co...

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, COVID-19 and adapting to a new relationship with the EU. Inflation to peak higher The Bank of England now expects inflation to peak at 13.3% in October 2022 and to remain a...

The Bank of England has issued a new Monetary Policy report , with revised forecasts for inflation. The Bank also states that the UK economy is likely to enter recession in Q4 2022. Consumer price inflation, driven principally by price rises in energy, food, and physical goods hit 9.4% in June. The Bank now forecasts inflation to continue to rise in the coming months, peaking at 13.3% i...

Michael Freedman, our Head of Economic and Consumer Insight, explains how moral has improved thanks to the England women’s Euro 2022 win and the heatwave, meaning fewer people have been impacted by rising energy cost. But this is likely to be the calm before the storm, with food price inflation forecast to increase. Watch this video to find out more. More economic news and ...

A range of factors continue to disrupt supply chains including the war in Ukraine, labour shortages and the cost of living crisis resulting in more people switching products. This is covered in more detail in our latest Viewpoint report. Download a free copy here . Availability concerns decline for second month Click chart to enlarge In the latest consumer research conduc...