Report Description
What you’ll find inside
In this report, you’ll discover exclusive analyses of 47 product categories from major UK retailers such as Tesco, Sainsbury’s, Asda, Morrisons, and Aldi. This report explores inflation trends, highlighting price variations between national brands and private labels, giving you a complete overview of the UK’s retail landscape.
Whether you’re looking to understand how prices are evolving or get a competitive edge, this report will provide all the insights you need to navigate the changing pricing dynamics in 2024.
1
Inflation Trends
This report reveals that the prices of food products have increased by an average of +4.3% in June 2024 compared to June 2023. National brands saw a slightly higher inflation rate of +4.9%, while private labels experienced a lower increase of +3.7%. Rising production costs and supply chain challenges continue to drive inflation across most categories.
2
Retailer Comparison
Among the retailers analyzed, Tesco showed the highest price increase with an average rise of +5.1%, while Aldi managed to contain inflation with a more modest increase of +2.9%. This variation is driven by different strategies employed by retailers to manage costs and maintain competitiveness in a highly dynamic market.
3
Category-Specific Insights
This report dives deep into the price variations across 47 product categories. Notably, the dairy category saw a significant price increase of +7.5%, while chocolate and confectionery prices rose by +5.8%. On the other hand, non-alcoholic beverages experienced a more moderate increase of +3.2%, reflecting more stable input costs in this category.
