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Food inflation pinches Britons: Survey
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Food inflation pinches Britons: Survey

Sep 22 2013, 8:22am CDT | by IANS

London, Sep 22 (IANS) A new survey has found that most Britons are concerned about the increasing cost of food, as price rise puts pressure on already squeezed consumers.

London, Sep 22 — A new survey has found that most Britons are concerned about the increasing cost of food, as price rise puts pressure on already squeezed consumers. The consumer group Which?...

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1 year ago

Food inflation pinches Britons: Survey

Sep 22 2013, 8:22am CDT | by IANS

London, Sep 22 (IANS) A new survey has found that most Britons are concerned about the increasing cost of food, as price rise puts pressure on already squeezed consumers.

London, Sep 22 — A new survey has found that most Britons are concerned about the increasing cost of food, as price rise puts pressure on already squeezed consumers.

The consumer group Which? released the survey report Sunday saying that about eight in 10 shoppers, or 78 percent, were concerned about the increasing cost of food.

The survey suggests 77 percent of the people said their income has stayed the same or decreased in the same period.

Food prices have risen by 12 percent over the last five years.

The survey of 2,028 people revealed that six in 10 people were concerned about how to manage their future spending; four in 10 said the cost of food was a source of stress; and three in 10 said they were struggling to feed the family because of price rise.

Stagnating incomes and rocketing food prices were causing stress and worry to most of the Britons, said Richard Lloyd, Which? executive director.

"Supermarkets need to make it much easier for consumers to spot the best deal by ensuring simple pricing and special offers good value for money. Politicians need to put consumers at the heart of their economic policies to tackle the rising cost of living, fuel growth and prosperity," he said.

According to the survey, the average weekly household grocery bill is 60 pounds; and it is 80 pounds for a family of four. Two-thirds of people say this has increased in 12 months, blaming rising food prices.

Shoppers are most wary of increase in the price of staples, such as meat, fresh vegetables and bread, showed the survey.

IANS

Source: IANS

 
Update
10

6 weeks ago

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Update
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6 weeks ago

Life got more expensive in October

Nov 2 2014 5:59pm CST | Source: NEWS.com.au

THE TD Securities/Melbourne Institute monthly measure of inflation shows more prices rose t ...
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Update
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6 weeks ago

Why very low inflation can damage economies

Nov 1 2014 11:17am CDT | Source: USATODAY

For starters, when prices barely move, many people and businesses postpone purchases. ...
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Update
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7 weeks ago

Japan Inflation Slows Again

Oct 30 2014 6:56pm CDT | Source: WSJ.com: Asia Home

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Update
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7 weeks ago

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7 weeks ago

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7 weeks ago

Rajan to hold rates on Dec 2: Analysts

Oct 28 2014 5:53am CDT | Source: Bridgeville Public Library

Analysts are expecting inflation to fall further in October and November on base effect. Inflation measured by consumer prices has been trending down for over four months, and came in at 6.7 per ...
Source: Bridgeville Public Library   Full article at: Bridgeville Public Library
 

 
Update
2

7 weeks ago

NSE Nifty to trade in a band of 7,800-8,200

Oct 26 2014 10:25pm CDT | Source: Bridgeville Public Library

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Update
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7 weeks ago

Capitol Report: Workers are now earning just what they did when recession hit

Oct 24 2014 10:54am CDT | Source: MarketWatch

Workers’ weekly earnings recently picked up. But after accounting for inflation, third-quarter earnings just matched what workers took home near the start of the recessio ...
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