Grocery inflation falls to two-year low in boost for millions of shoppers [Yahoo! Finance]
WPP plc American Depositary Shares (WPP)
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Source: Yahoo! Finance
The price of supermarket goods rose 4.5pc in the year to mid-March, according to data analytics firm Kantar – the slowest increase since February 2022, when Russia's invasion of Ukraine pushed up the costs of energy and many food ingredients. The slowdown is the latest sign of overall prices in the economy turning a corner and cooling significantly, boosting hopes of interest rate cuts within months. Fraser McKevitt, of Kantar, said: “Grocery inflation has come down significantly since hitting an eye-watering peak of 17pc in March 2023. However, despite this continued slowdown many British households are still feeling the squeeze.” Around one in four households still say they are finding it hard to cope with financial pressures, Mr McKevitt noted. This share has remained the same since November last year, as families struggle to adjust to a surge that led many everyday items to double in price over the past two years. Shoppers battling rising living costs and higher mortgag
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WPP
Sec Filings
- 4/25/24 - Form 6-K
- 4/5/24 - Form SC
- 4/2/24 - Form 6-K
- WPP's page on the SEC website