While the headline rate of food inflation was around 19%, that didn’t mean households were spending 19% more on their food, Mr Roberts added, since most shoppers had decided to buy less, trade down to less expensive choices, or shop more frequently to avoid waste.
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Ocado sales hit as workers return to the office
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Susannah Streeter, senior markets analyst at Hargreaves Lansdown, said: “For now it does appear that some pandemic habits are...
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US to ban Russian diamond and vodka imports
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By removing this status from Russia, G7 countries will be able to target its exports with punitive tariffs, or...
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Five ways the Ukraine war could push up prices
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As a leading commodities exporter, Russia is one of the world’s largest suppliers of metals used in everything from...
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John Lewis to pull ‘Never knowingly undersold’ pledge
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Image copyright John Lewis Image caption Sharon White became chief executive of John Lewis in February John Lewis is...
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Covid: Al fresco dining to become a High Street fixture in England
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“The extension – and potential permanent retention – of streamlined pavement licensing is a real boost for pubs, cafes...
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UK economy flatlines as higher interest rates bite
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Asked if he would be looking to reduce taxes in the Autumn Statement on 22 November, Mr Hunt said...
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Final cost-of-living payment to be paid out
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“Our data shows that the cost-of-living payments do offer some respite to people, but this is short lived. Historically...
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Coronavirus: ‘I took a £1,000 flight to beat Portugal quarantine’
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Image copyright John Cushing John Cushing is cutting his Portugal holiday short to make sure his daughter gets home...
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