UK grocery price inflation fell to single digits for the first time since July last year, but consumers are likely to continue feeling the pinch, a survey from the market research group Kantar showed Tuesday.
Separate surveys from the BRC and Barclays also showed that consumers are tightening their purse strings as they head into the Christmas shopping season as the high cost of living hurt their spending. Grocery price inflation slowed to 9.7 percent for the four weeks to October 29, Kantar said. Inflation was 11 percent in the previous report.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.