UK food price inflation is hitting record highs—but grocery sales are flat. Households are using a variety of methods to keep their grocery spending in check in the face of higher food prices, household bills, and interest rates. That’s forcing a shift in the grocery landscape—and consumer behaviors.
Key Question: As inflation continues to suppress grocery sales, what are the opportunities for growth in 2023?
KEY STAT: UK grocery sales will grow just 1.7% this year and remain relatively flat through 2026.
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