The grocery inflation index tracked by Kantar Worldpanel, which keeps tabs on prices, sales, and market share at supermarket checkouts, decreased to 1.7% in August.
It indicates that grocery costs are still rising, albeit more than in the four weeks leading up to early July, and slightly less than the 1.8% increase observed in July—the first increase in over a year.
According to Kantar, 60% of households are still concerned about the rising cost of their groceries despite this decline.
The cost of household energy bills, which are expected to increase starting in October, is the second most financial concern.
Beer and oven chips are more popular now than they were fifteen years ago.
Sales of fruit bars and fromage frais increased as term time approached, as parents stocked up on lunchboxes.
Per Kantar data, Tesco continued to be the most shopped supermarket in the UK, with Sainsbury’s and Asda following closely behind, despite Asda experiencing a 5.6% decline in market share. Of all the retailers, this is the largest drop.
For the seventh consecutive month, Ocado, an online grocery store, grew at the greatest rate of any food store, reaching its strongest growth since May 2021.
