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 Ukraine crisis, the rising cost of living, labour shortages, COVID-19 and adapting to a new relationship with the EU. Food inflation to rise sharply Food inflation is likely to reach 15% this summer, rising on average around 11% over 2022,...

Food inflation is likely to reach 15% this summer hitting most vulnerable households hardest. Monthly food bills are set to rise by another £43 per month for a typical family of four. Food inflation is set to hit its highest level in more than 20 years. The rise in the cost of essential food items is likely to reach a peak of up to 15% this summer and will last much longer than init...

Food inflation likely to reach 15% this summer hitting most vulnerable households hardest Monthly food bills are set to rise by another £43 per month for a typical family of four. Food inflation is set to hit its highest level in more than 20 years. (London, Thursday 16th June 2022): The rise in the cost of essential food items is likely to reach a peak of up to 15% this summer and ...

The Government food strategy has been unveiled, responding to the National Food Strategy published last year. The food strategy includes policy initiatives to boost health, sustainability, accessibility of diets and to secure food supply. The aim is to ensure that the food and drink industry contributes to the levelling up agenda and makes the most of post-Brexit opportunities. The st...

ONS has released its latest monthly GDP estimate for April , raising concerns of an economic contraction over Q2. UK economic output in April 2022 was down 0.3% month-on-month. Output in March was down 0.1% month-on-month, so a contraction may be gathering pace. All main sectors (services, manufacturing and production) of the economy contributed negatively for the first time since Ja...

Following the publication of the Government Food Strategy, IGD, the organisation that delivers positive social impact in partnership with the food and consumer goods industry, has outlined its support for the ambition to create a more transparent food system and the need for more consistent data. This will enable businesses to make better decisions and inform consumers’ choices. Susan Barratt...

The UK quick commerce market – the delivery of groceries and essentials to customers in less than one hour – has grown by nearly 10% year-on-year to £1.5bn, according to newly released figures from insight provider IGD. In the first of an updated three-part report series, the new research explores how the channel has evolved over the last 12 months against the backdrop of the pandemic and cost-of...

The government has announced revised dates for some HFSS restrictions. What has changed? There have been two major changes to the timelines of implementing HFSS policies: Restrictions on volume price promotions e.g., BOGOF have been postponed by one year, until October 2023 The restrictions banning HFSS adverts on TV before 9 pm and paid-for adverts online will also be paused for...

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Following new guidance and timings from Government, this deck summarises upcoming regulations for businesses wanting to sell and promote HFSS products. From Autumn, the rules for selling products high in sat, sugar and salt (HFSS) will change in England. Promotions of products high in fat, sugar or salt by location will be restricted from October 2022 and by volume price from October 2023...