Story perspectives

Food Prices Set to Surge 4.2% by Late 2025

1/9/2025

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Summary

Story summary

Food prices are projected to increase by 4.2% in late 2025 due to rising costs from the Budget, including National Insurance and the National Living Wage.
The British Retail Consortium (BRC) indicates persistent inflation pressures, leading to expected overall shop price hikes.
December experienced a 1% deflation in shop prices, largely due to significant Black Friday discounts.
Food inflation held steady at 1.8% in December, but future pressures may disrupt this stability.

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Story summary

Food prices are projected to increase by 4.2% in late 2025 due to rising costs from the Budget, including National Insurance and the National Living Wage.
The British Retail Consortium (BRC) indicates persistent inflation pressures, leading to expected overall shop price hikes.
December experienced a 1% deflation in shop prices, largely due to significant Black Friday discounts.
Food inflation held steady at 1.8% in December, but future pressures may disrupt this stability.