UK food inflation could be near 4% by the end of 2025 as supermarkets react to cost pressures arising from Labour’s Autumn Budget, according to analysts at Peel Hunt.
The broker on Monday doubled its forecast for 2025 food inflation from 1.5 to 3%, reflecting higher employer national insurance contributions, a national living wage hike and the impact of the Employment Bill. However, it said food inflation could grow throughout the year and by the end of 2025, the figure could be closer to 4%.
Read the full article on the This is Money website
NAM Implications:
- Fortunately, we have been assured by the government that as consumers, we will not be affected by the Autumn Budget
- …higher employer national insurance contributions
- …a national living wage hike
- …and the impact of the Employment Bill
- Some trust-rebuilds required?
