Viewpoint: Persistent inflation, politics and labour challenges

Issue 10, July 2023

Inflation in the UK remains stubbornly high. Leaving the current phase of strong inflation is likely to be a slow process, with few certainties, increasing economic pressure on businesses and consumers. The decision to raise interest rates increases the prospects of a recession. The food industry is also facing the challenge of the impact of labour shortages and keeping up with recent policy changes.

This report looks at what’s in-store for the economy, consumer sentiment and government policy, all viewed through the lens of the food and consumer goods industry.

The Economics from IGD team monitors a range of economic indicators and the latest forecasts and combined with our knowledge of the food and consumer goods industry and rich consumer insights, this shapes our ‘Viewpoint’ – all the information you need for business planning in just one place.

Persistent inflation, politics and labour challenges

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