Food & Drink sector performance – September 2022
11 October 2022IGD’s CEO, Susan Barratt, contributes to the BRC’s Retail Sales Monitor, providing insight on UK food and drink sales.
IGD’s CEO, Susan Barratt, contributes to the BRC’s Retail Sales Monitor, providing insight on UK food and drink sales.
Food and drink sales in September fell behind August as the weather cooled and life returned to normal after the holidays. However, there was a small uptick in sales in the week following the death of Queen Elizabeth II as the nation came together to mourn her passing, distracted momentarily from the stiffening economic headwinds.
Nevertheless, the month was dominated by rising prices, particularly for food and energy, but the Energy Price Guarantee announced by the government contributed to a small rise in our Shopper Confidence Index. However, without much good news out there and shoppers facing a tough winter, there are still many challenges ahead.
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