FINSOC Weekly Wraps Vol. 27

Mar 6, 2023 Weekly Wraps

UK grocery price inflation hits record high as more stores impose rationing
A measure of UK grocery price inflation soars as shop price inflation rose to a fresh high of 8.4% in February, up from 8% in January – driven by new highs in the costs of food.
Fresh food prices rose by 16.3% amid shortages of staples such as tomatoes and broccoli, due to suboptimal weather conditions in southern Spain and northern Africa.