UK Grocery Price Inflation Drops at Record Rate
Despite the decrease, consumers still face budget pressures; record £13.7bn spent on groceries over Christmas
- UK grocery price inflation has fallen to 6.7% in December, the lowest since early 2022, and the fastest rate of decrease on record.
- UK shoppers spent a record £13.7bn on groceries in the run-up to Christmas, with almost a third of all spending made on discounted items.
- Despite the decrease in inflation, consumers are still facing significant pressures on their budgets.
- Supermarkets Aldi and Lidl hit their highest ever market shares for the festive period, while Tesco and Sainsbury's also saw increased sales.
- Online's share of the grocery market held steady at 11.6%, as nearly one in five households got a delivery for Christmas.