Grocery Inflation Hits Budget-Range Products Hardest

  • Grocery prices have increased by 25.8% since the cost of living crisis began.
  • Budget-range groceries have risen by 37.1% in two years.
  • Which? analyzed over 21,000 food and drink products across eight major supermarkets.
  • Some items saw price increases of up to 175%.
  • The poorest in society are being hit the hardest by these price hikes.

According to a new report by Which?, grocery prices have increased by 25.8% since the cost of living crisis began, with budget-range products experiencing a staggering 37.1% rise in just two years. The consumer group analyzed over 21,000 food and drink items across eight major supermarkets, revealing some items saw price hikes of up to 175%. Which? urges the government to update legislation for transparent pricing and improve supermarket practices.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the increase in grocery prices at supermarkets since the cost of living crisis began. It cites specific examples of price increases for various products and quotes a source (Which?) to support its claims. The article also includes relevant details about the impact on low-income consumers and calls for government action, making it informative and relevant.
Noise Level: 6
Noise Justification: The article provides relevant information about the increase in grocery prices at supermarkets since the cost of living crisis began and highlights the impact on low-income consumers. However, it could benefit from more analysis or context on the underlying causes of price increases and potential long-term consequences.
Financial Relevance: Yes
Financial Markets Impacted: Supermarkets and grocery products
Financial Rating Justification: The article discusses the significant increase in food prices at supermarkets, which can impact consumers’ spending habits and potentially affect companies’ sales and profits. It also mentions the government’s role in addressing pricing practices.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article, but the article discusses the impact of inflation and price increases on groceries due to the cost of living crisis.

Reported publicly: www.retailsector.co.uk