The International Monetary Fund (IMF) has issued a new report in its World Economic Outlook series, with revised forecasts for global growth and inflation. Global inflation to linger According to new IMF research , global economic performance in late 2022 was a little better than expected, due to the rebuilding of international supply chains, effective policy measures to support hous...

Watch these videos of our latest webinar for a deeper dive into IGD’s latest Viewpoint report, From inflation to recession: what to watch out for in 2023 . We share IGD’s predictions for 2023 and highlight the possible implications and watchouts for your business. Chapter 1: Economy in 2023   Chapter 2: Consumers in 2023   Chapter 3: Policy in 2023   ...

Global insight provider IGD has identified six trends set to influence the global retail landscape in 2023. With inflation driving a significant increase in production costs and retail prices across most major markets, there will be an intense focus from retailers and suppliers on driving out costs, improving the efficiency of supply chains and delivering value to consumers in new ways over th...

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. Food price inflation to slow IGD predicts that year-on-year food price inflation will slow over 2023, although it wil...

The Government has announced it will launch a Deposit Return Scheme in October 2025 at the earliest, with the aim of increasing recycling rates of drinks containers to 90% within three years of the scheme commencing. The Government, alongside the devolved administrations from Wales and Northern Ireland, have responded to the consultation on the Deposit Return Scheme (DRS) for England...

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. Food inflation rises The ONS has announced that food and drink CPI inflation increased to 16.8% in December from 16...

The UK “all items” CPI inflation rate has eased for the second month running from 10.7% in November to 10.5% in December 2022. The latest UK inflation data is available from ONS, up to December 2022. “All items” inflation is now +10.5% year-on-year, by the CPI method, this is down 0.2% when compared with the November figure and 0.6% below the October figure, which is now believed to...

In new UK labour market data released by ONS , the UK labour market remains historically tight, however, there are indications that the poor economic environment is now having an impact. In September to November 2022, unemployment remained low at 3.7%, but was up 0.2% on the previous three-month period. The UK employment rate was unchanged, but average weekly hours worked between Sep...

New ONS data shows that average pay in the UK is rising at record rates, however, it continues to fall behind inflation. Average weekly earnings in November 2022, including bonuses, were up 6.5% year-on-year. This is the strongest growth rate outside of the pandemic period. However, even this growth, driven by high labour demand and limited supply, is unable to keep pace with inflat...

A range of factors continue to disrupt supply chains including the war in Ukraine, labour shortages, avian flu and the cost-of-living crisis resulting in more people switching products. This is covered in more detail in our free Viewpoint webinar on 26 January . Book your place here . Availability concerns remain high In the latest consumer research conducted for IGD (13-15 January ...