Shoppers turn to packed lunches to keep budgets in line – as grocery price inflation ‘remains high’
Researchers behind a closely-watched report said recent fluctuations in prices were largely down to the “battle” between supermarkets to win over shoppers, rather than disruption to supply chains amid attacks on shipping in the Red Sea.
Shoppers are turning to packed lunches in an attempt to try and keep their budgets in line, with 86 million more lunchboxes brought to work last year, new research suggests.
Spending on alcohol also fell by more than half in January compared with December – with people taking part in Dry January and other health challenges, according to industry data.
It comes as figures show the recent trend of a gradual easing in grocery price inflation was effectively halted in January as retailers reined in special offers after Christmas.
Kantar Worldpanel, which tracks sales among chains, said the rate of annual price rises for food, drink and other household essentials remained high at 6.8% during the four weeks to 21 January.