#Food Inflation

Food Inflation

#Food Inflation

As grocery bills soar, experts forecast likely future trends and we look at ways to buy quality, sustainable food for a fair price. A grocery / food prices content partnership with ICMSA

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Grocery price inflation ticked back up to 3.3%. </p>

companies

Supermarkets record best monthly sales so far this year

In the four weeks to November 3, grocers saw their sales increase 6.4% year-on-year reaching €1.16bn

<p>Grocery sales increased during the four weeks leading up to September 1 as households prepared for school resuming. </p>

economy

Grocery prices continue to rise faster than overall inflation

<p>Teacher Rebecca Heinhold at Fermoy Educate Together handing out hot meals provided by The Lunch Bag to pupils Elodie Milward-Aherne and twins Lydia and Cara Bardyszewski. Picture: Eddie O'Hare</p>

news

Hot topic: Are school meals a good idea or waste of resources and time?

Woman working at a restaurant

economy

Hospitality sector records another slight fall in staff numbers

Fuel prices

economy

Inflation drops below 2% for first time in three years

Senior couple going over bills

economy

Ifac warns budget spending splurge could rise household bills by €1000 a year

SWITZERLAND-FOOD-NESTLE-ANNUAL-GENERAL-MEETING

Nestle joins long list of firms replacing chief executives in bid to regain investor confidence

New bosses started at Dove soap maker Unilever, beleaguered infant-formula maker Reckitt Benckiser and Guinness owner Diageo

Fri, 23 Aug, 2024

Colorful fresh fruit and vegetables for sale in local supermarket

Grocery price inflation ticks up to 2.8%

Good weather and major sporting events saw increased spending on alcohol, confectionary and savoury products, market research finds

Mon, 19 Aug, 2024

Woman Holding up a shop sign saying: Sorry we're Closed

Dublin coffee shop shutters due to 'broken system'

The cost of cutting Vat for food-led businesses alone would come to around €545m, according to Tax Strategy papers published earlier this year

Fri, 09 Aug, 2024

Lack of border control at Port of Cork hikes cost of fruit and veg

Lack of border control at Port of Cork hikes cost of fruit and veg

A border control post in Cork would save importers thousands of euro at a time per container and maximise quality and shelf life

Mon, 29 Jul, 2024

Wholesale electricity prices plunge by more than 72% from peak

Wholesale electricity prices plunge by more than 72% from peak

In its latest Wholesale Price Index, the CSO also highlighted that electricity prices have plummeted by almost 41% since June 2022

Mon, 22 Jul, 2024

Cost of Living crisis

Grocery inflation drives sales rather than purchasing activity, report suggests

Shoppers are becoming less frugal as affordability improves with easing inflation

Mon, 22 Jul, 2024

Buying meat at a supermarket.

UK grocery price inflation at lowest in nearly three years

Annual pace of UK supermarket price increases dropped to 1.6% in the four weeks to July 7 from a year earlier, ahead of a decision by Bank of England on interest rate cuts

Tue, 16 Jul, 2024

Pace of consumer price inflation cools to 2.2%

Pace of consumer price inflation cools to 2.2%

There was double digit inflation recorded for certain staple food items such as potatoes and olive oil which were 18% and 24% pricier in the 12 months.

Thu, 11 Jul, 2024

Economy to grow at a slower but healthy pace, says Bank of Ireland

Economy to grow at a slower but healthy pace, says Bank of Ireland

In its economic forecast, the bank said it expects inflation to average 2.3% this year before easing back to 2% in 2025 and 2026

Wed, 03 Jul, 2024

Supermarket spending

The pace of annual price inflation slows to 1.5% in June

Energy prices dropped 5.6% in the period and fell 1% in the month, however, European energy markets are once again feeling the heat as contracts edge higher

Mon, 01 Jul, 2024

Interest rate cuts and lower fuel prices push up consumer sentiment

Interest rate cuts and lower fuel prices push up consumer sentiment

Economist Austin Hughes said the mood of Irish consumers 'brightened markedly' during this month as falling energy costs, lower ECB rates and several encouraging economic indicators 'prompted a more favourable assessment of the outlook for household finances and the broader Irish economy'

Fri, 28 Jun, 2024

Grocery shopping is in session

Grocery spending on summer staples drops in June

'Less than typical sunny weather' earlier this month meant shoppers were reaching for soups rather than burgers and sausages for summer barbecues, according to research

Mon, 24 Jun, 2024

Alcohol Drinking - Stock

Irish consumers paying 40% above EU average prices for household goods

We top EU table on spending for hotels, restaurants, tobacco and alcohol

Thu, 20 Jun, 2024

Woman taking out money from wallet

Annual inflation remains flat in May, new figures show

Falling energy prices countered by rising transport costs, CSO data shows

Thu, 13 Jun, 2024

Grocery price inflation dips to same rate as headline inflation

Kantar said grocery price inflation is now at its lowest levels since March 2022

Mon, 27 May, 2024

From inflation fatigue to Ozempic: UCC report finds major changes coming for food companies

From inflation fatigue to Ozempic: UCC report finds major changes coming for food companies

Changes are needed but public will not stomach high prices, writes Ronan Smyth

Mon, 27 May, 2024

Buying Convenient Food

Annual inflation rate falls to 2.6%

The annual rate of inflation has fallen to 2. 6% during the month of April, as electricity and gas prices continue to fall, but core inflation still continues to run higher, new data from the Central Statistics Office shows.

Thu, 09 May, 2024

Asian Pork and Shrimp Meatball Ramen Soup

Caitríona Redmond: How to make my ginger and garlic pork meatballs with noodles

Plus: figuring out the budget for back-to-school — it makes sense as some things are cheaper to buy now

Thu, 09 May, 2024

Electric Pylons-Stock Photo

Plunging electricity prices signal lower bills, CSO figures suggest

Wholesale electricity prices tumbled 40% in March compared to a year earlier and declined 70% compared to the same month in 2022

Mon, 22 Apr, 2024

Woman working at a restaurant

Over 200 restaurants have closed this year costing the economy €288m

Restaurants Association of Ireland says 212 restaurants, cafés, and other food-led businesses have shut their doors for good in 2024.

Tue, 16 Apr, 2024

Bored female sitting at desk looking at laptop screen

Broadband price hikes are on the way for Irish households

Inflation is dropping but home broadband prices are set to rise for a number of major providers

Fri, 12 Apr, 2024

Brexit

Brexit border controls 'to add to British food prices'

Brexit border controls on certain foods imported to Britain from the European Union may push up inflation there by 0. 2 percentage points, according to a report published by Allianz Trade.

Thu, 11 Apr, 2024

Tesco profits

Tesco shares climb 4% as operating profits in UK and the Republic top €3.1bn

Sales in the Republic gain almost 7% to €3.39bn during the worst of the cost-of-living crisis, the annual results show

Wed, 10 Apr, 2024

Woman Holding up a shop sign saying: Sorry we're Closed

Liquidators to be appointed to two Munster businesses

'Due to extremely high and continuously rising costs and demands across all aspects of the business, we have no choice but to close our doors'

Wed, 10 Apr, 2024

Grocery shopping is in session

Annual grocery price inflation drops to 3.7%

This represents a massive drop from the 16% grocery price inflation recorded in March 2023, but it is still above the general rate of inflation

Tue, 02 Apr, 2024

Austin Hughes: Split between consumers who are comfortable and those barely clinging on

Austin Hughes: Split between consumers who are comfortable and those barely clinging on

While the picture painted by Irish consumer sentiment survey is one of a cautious consumer at present, arguably a more important message is a tale of three consumers

Mon, 01 Apr, 2024

Woman Holding up a shop sign saying: Sorry we're Closed

Hospitality body reiterates call for Vat cut, but not for all

The RAI estimated that between 400 and 500 more business could be forced to shutter this year.

Sun, 31 Mar, 2024

Easter egg hunting background

Expensive Easter eggs and smaller sweets: 'chocolate meltdown' fears grow

Cocoa prices have reached all-time highs on commodity exchanges, more than $10,000 a tonne, after the third consecutive poor harvest in West Africa, but farmers won't see any of the money

Fri, 29 Mar, 2024

NM: Easter Candy Displays

KitKat, Cadbury Egg makers feel pain of record-high cocoa prices

Cocoa prices has even managed to best the dazzling performance of artificial intelligence darling Nvidia, as it even became more expensive than copper

Thu, 28 Mar, 2024

Sao Paulo Easter Egg

Easter egg price hikes are just the start as cocoa soars

Cocoa has more than doubled in price already this year, making it the world’s hottest commodity

Sun, 24 Mar, 2024

Grocery shopping is in session

Spending on groceries up 10% last month after steep decline in January

Spending by customers increased by 4% in February compared to January, with large increases seen with spending in groceries, health and beauty, and with airlines, AIB data shows

Fri, 15 Mar, 2024

Grocery shopping is in session

Grocery price inflation falls to a near two-year low

Despite the levels of inflation reducing, consumers are continuing to manage their household budgets with own-label goods continuing to grow strongly

Mon, 04 Mar, 2024

Grocery shopping is in session

'It’s a constant stress': Government urged to act amid surge in families turning to food banks

Parents skipping meals, borrowing money to feed their children, and cutting spending on clothes to buy food, survey found

Tue, 27 Feb, 2024

Irish Examiner view: A pivotal moment in history

Irish Examiner view: A pivotal moment in history

The Ukraine war has entered its third year

Sat, 24 Feb, 2024

Danone To Cut Up To 2,000 Jobs

Food giant Danone gets boost from higher prices during period of inflationary costs

Danone said it would raise prices in 2024, citing a need to offset labour costs and shipping prices, but that the increase would be at a slower pace than previously.

Thu, 22 Feb, 2024

Hands putting a pepper into a basket

Condoms, energy drinks, avocados: CSO gives snapshot of our changing shopping history

The last Household Budget Survey in 2015/16 saw the likes of television streaming services and craft beer added

Thu, 15 Feb, 2024

Kraft takeover Cadbury

Cadbury and Hershey plan more price hikes as cocoa prices grow

Cocoa prices have roughly doubled over the past year, hitting a series of record highs in recent weeks due to shrinking supplies

Wed, 14 Feb, 2024

Coca-Cola CEO sees 'normalised pricing levels' after price hikes

Coca-Cola CEO sees 'normalised pricing levels' after price hikes

Coca-Cola chief executive James Quincey expects consumer prices for the company’s beverages to moderate in the year ahead, after several quarters of price hikes in its European, Middle East, and African division to offset rising costs for ...

Tue, 13 Feb, 2024

Pancakes

Consumers to be battered with higher cost of Shrove Tuesday pancakes

CSO figures show price rises in main ingredients such as flour, eggs, and sugar

Fri, 09 Feb, 2024

Boycott over Gaza hits Unilever's sales in Indonesia

Boycott over Gaza hits Unilever's sales in Indonesia

Shoppers in the Middle East as well as majority-Muslim nations like Pakistan and Indonesia are shunning big foreign brands, driven by anger against the US and Europe

Thu, 08 Feb, 2024

Fast shopping

Kantar: Irish grocery price inflation is just under 6%

The market researcher's data suggests that grocery price inflation is still running ahead of the general inflation rate

Tue, 06 Feb, 2024

Central Bank head Makhlouf rejects claim that Irish banking market is 'dysfunctional'

Central Bank head Makhlouf rejects claim that Irish banking market is 'dysfunctional'

Speaking to the 'Irish Examiner', Gabriel Makhlouf discusses the timing of rate rises and cuts, competition in Irish banking, the danger of stoking up inflation, and factors behind Ireland's housing shortage

Sat, 03 Feb, 2024

ECB faces further scrutiny this week on timing of first rate cut

ECB faces further scrutiny this week on timing of first rate cut

Consumers in Ireland and the US appear to anticipate better news in 2024 as energy, grocery, and petrol price inflation eases, the latest Credit Union Consumer Sentiment Survey suggests

Mon, 29 Jan, 2024

McGrath won't revisit Vat hospitality rate this year despite pressure on hospitality sector

McGrath won't revisit Vat hospitality rate this year despite pressure on hospitality sector

Mr McGrath reiterated the need 'to provide as much flexibility as possible to businesses that have tax debt warehoused',

Thu, 25 Jan, 2024