Tesco issues price rise warning as popular shopping items set to go up
manchestereveningnews.co.ukRetail chiefs have warned of rising food prices. Retail industry leaders claim rises in business costs imposed in the Budget, such as a higher National Living Wage and increases in National Insurance, will be passed on to shoppers later this year.
It comes despite both Tesco and Marks & Spencer enjoying a Christmas boom. The British Retail Consortium (BRC) said there there is "little hope" of food prices "going anywhere but up" in the second half of 2025.
It forecast food price inflation would rise from 1.8 percent last month to 4.2 percent in the latter half of this year. And it warned that price rises will continue for vegetable oil, orange juice, butter, and coffee.
Tesco ’s like-for-like sales, excluding VAT and fuel, rose 3.1 percent in the 19 weeks to January 4, helping the company to achieve its highest market share since 2016 of 28.5 per cent.
Read more on manchestereveningnews.co.uk