Inflation

How can food and beverage manufacturers cut costs responsibly? Credit: Getty/Wasan Tita

Long read

Where can I cut costs without impacting food integrity?

By Bethan Grylls

Food Manufacture recently aired a webinar that explored how food manufacturers could reduce costs without negatively influencing food integrity. Here are the highlights from our expert guest speakers.

Food inflation may be at its highest, but market indicators suggest it may be at its peak

News

Food inflation accelerates but could be hitting its peak

By Gwen Ridler

Food inflation has risen to 19.2% in March from 18.2% in February, the highest rate in 45 years, rocketing ahead of CPI’s inflation of 10.1%, according to Office of National Statistics figures.

Food inflation hits its highest level in 45 years

News

Food inflation hits highest level in 45 years

By Gwen Ridler

Food and drink inflation accelerated to 18.2% in the year to February 2023, the highest level of inflation in the past 45 years, according to the latest figures from the Office of National Statistics (ONS).

Food price inflation remained high in December 2022

News

Food prices maintain 40-year high

By Gwen Ridler

The price of UK food has continued to keep inflation at a 40-year high, according to the latest report from the Office for national Statistics (ONS).

Read our long awaited 2023 report on key food and drink trends

Feature

Key trends for 2023’s food and drink industries

By Michelle Perrett

With the last several years including a series of unprecedented events and challenges, Food Manufacture seeks the expertise of several food and drink leaders to find out what’s on the cards for 2023.

Price inflation drives up on Christmas seafood sales in the UK

Price inflation drives up Christmas seafood sales

By Gwen Ridler

Price inflation primarily fuelled seafood sales value growth over Christmas 2017, up 4.4% to £171m compared to the 2016 festive period, according to UK seafood industry body Seafish.

Food inflation is on the up, according to the CGA Prestige Foodservice Price Index

Food inflation continues to rise

By Michelle Perrett

Food inflation in the UK is continuing to spiral, according to several recent reports, with commentators raising concerns about the uncertainty over Brexit, the value of sterling and the continued rise in food prices.

Inflation are forecast to overtake pay rises in the manufacturing sector

Manufacturing pay rises scrape ahead of inflation

By Gwen Ridler

Pay increases in the manufacturing sector – including food and drink firms – are slightly ahead of consumer price inflation, revealed EEF, the manufacturer’s organisation.

Food prices will rise as rising input costs eat into supplier profit margins

Food inflation set to return in 2017

By Rick Pendrous

Rising food prices can be expected in 2017 – reversing the deflationary trend of recent years – as news emerged from the Office for National Statistics (ONS) that inflation overall in the UK in November had climbed to its highest level in two years.

Production costs continue to rise for manufacturers

Interactive Data

Which sector saw highest costs since the Brexit vote?

By Matt Atherton

The cost of manufacturing food and drink products has risen 4.3% over the past 12 months across all sectors, according to latest data from the Office for National Statistics (ONS).

Brian Young believes the outlook is positive for frozen food manufacturing

‘Bright’ outlook for frozen food manufacturers

By Matt Atherton

Frozen food manufacturing products are set to rise in popularity, based on consumers’ preference for less waste and higher nutrient value, according to a report from the British Frozen Food Federation (BFFF).

Coveney: 'The more we've looked at Brexit, the clearer it is it would be bad'

Business Leaders' Forum

Greencore boss warns against Brexit

By Noli Dinkovski

A potential UK exit from the EU would have an economically damaging impact on the UK food and drink manufacturing sector, the boss of the world’s largest sandwich maker has warned.

Asda has confirmed it has made 'difficult' decisions relating to staff at its Leeds head office

Asda plans ‘hundreds of job losses’

By Laurence Gibbons

Asda is planning to axe hundreds of jobs at its head office and has opened talks with staff about the ‘difficult’ structural changes.

The savvy shopper is set to have a big impact next year

‘Fog on the horizon’ for food trade in 2016

By Rick Pendrous

The food sector faces considerable uncertainty about what the retail landscape will look like next year, given the monumental changes coming down the line not least the introduction of a National Living Wage (NLW) of £7.20 an hour next April.

The only food category to display inflation, at 0.5% in July was fruit

Food deflation 'one of lowest' in July

By Rick Pendrous


Manufacturers faced mixed news last month with the release of government statistics showing food deflation in July at “one of the lowest values ever recorded”.

Bakkavor boss Agust Gudmundsson said focusing on the UK, US and Asia was paying off

Bakkavor’s focus on UK, US and Asia ‘working well’

By Michael Stones

Bakkavor’s strategy of focusing on the UK, US and Asia is “working well”, according to the firm’s first-quarter results for the 13 weeks to March 28, which revealed revenue up by 4% at £425.5M.

Premier is dramatically pumping cash into branded marketing for the final quarter of the year

Premier Foods’s branded sales dip in third quarter

By Rod Addy

Premier Foods saw branded value sales fall in its third financial quarter (Q3) as the maker of Mr Kipling cakes and Ambrosia desserts was stung by supermarkets losing share to discounters.

Sainsbury's results represented a watershed not just for the retailer but the whole grocery market, analysts said

Sainsbury results: the reaction

By Michael Stones

Sainsbury’s third consecutive quarter of falling like-for-like sales represents a watershed, not just for the beleaguered retailer but the whole fast-moving UK grocery sector, agreed most City and retail analysts. Here, we capture their verdict, at a...

Lidl has seen its market share rise to a record 3.6%

Aldi and Lidl’s market share hits all-time high

By Laurence Gibbons

Discount retailers Aldi and Lidl are continuing to win sales and have seen their market share hit new records, at the expense of Tesco and Morrisons, according to the latest grocery share figures from Kantar Worldpanel.

Duffy said the equity raise will boost efficiency

Free-from sales help buoy Finsbury results

By Rick Pendrous

Cake maker Finsbury Food Group has reported relatively flat sales for the half year to December 29, up marginally to £103.3M compared with £102M for the same period of the previous year and in-line with management expectations.

Food inflation eases but input costs are volatile

Food inflation eases but input costs are volatile

By Rick Pendrous

News that food price inflation had slowed in October gave hard-pressed shoppers some respite. Whether this will lead to greater stability in the roller coaster rise of volatile input costs for manufacturers is another matter.

Retail buyers are trying to keep a lid on inflation

EFFP: Retail food price inflation set to peak at 6-7%

By Elaine Watson

Downward pressure on the economy is likely to keep a lid on UK retail food price inflation, which will peak in the first few months of this year at around 6-7%, and then decline slowly, according to European Food and Farming Partnerships (EFFP).

Pay talks break down at Adams Foods' Leek site

Pay talks break down at Adams Foods' Leek site

By Ben Bouckley

Union leaders failed to agree a pay deal for staff at Adams Foods' cheese packing plant in Leek on Monday, but remain hopeful of agreeing a package with management that will avert the need for strike action.

Spotlight

Chief executive Chris Ormrod will continue to head up the business. Credit: Cakesmiths Cakesmiths to become part of rebranded Onore Food Group The impacted batch of stuffing mix has now been taken out of circulation. Credit: Getty / DronG Tesco recalls stuffing mix because of possible presence of moths The Food and drink industry is the four fastest adopter of AI tech in the UK. Image: Getty, Da-Kuk Food industry fourth fastest adopter of AI tech in UK Cold store workers have previously suffered from serious injuries such as frostbite. Credit: Getty / bluecinema New guidance issued to protect food workers in extreme cold conditions The manufacturer installed solar panels at its facility as part of the project. Credit: Beacon Foods Beacon Foods completes £6m expansion project, installs 1,428 solar panels

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