GROCERY PRICE INFLATION IS 8.7%

March 4th, 2009

TNS reported that grocery price inflation has increased and the figure for the 12 week-ending period 22nd February 2009 is 8.7% compared with 8.4% seen 4 weeks ago. The weakness of Sterling is feeding through to commodity price inflation.

This figure is based on over 75,000 identical products compared year-on-year in the proportions purchased by British shoppers and therefore represents the most authoritative figure currently available. It is a ‘pure’ inflation measure in that shopping behaviour is held constant between the two comparison periods – shoppers are likely to achieve a lower personal inflation rate as they trade down or seek out more offers.

No more information.

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