#Food Inflation

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Food Inflation

#Food Inflation

As grocery bills soar, experts forecast likely future trends and we look at ways to buy quality, sustainable food for a fair price. A grocery / food prices content partnership with ICMSA

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Food prices were estimated to have increased by 3.2% over the last year. </p>

economy

Inflation up to 1.8% ahead of US tariffs announcement

Excluding energy and unprocessed food, inflation is estimated to have gone up by 2% since March 2024.

<p>The US plans to import up to 100m eggs to address shortages.</p>

comment-analysis

What's Trump got to do with the price of eggs?

<p>Prices in restaurants and hotels rose by 3.9% in the year to the end of January — the joint-highest increase along with transport costs. </p>

companies

Inflation rate ticks up again for the third straight month

Arts Council to be reviewed

companies

Government needs to show 'fiscal restraint' and phase out cost-of-living measures, warns OECD

Buying meat at a supermarket.

companies

Storm Éowyn drives additional spending in supermarkets

Detail of a man shopping in supermarket

economy

Rebound in global food prices to add to grocery costs

Detail of a man shopping in supermarket

Irish people earn more but housing and cost of living continue to climb, new figures show

Rent and mortgage interest, food prices, and the cost of eating out contributed to the increased cost-of-living, CSO data shows

Fri, 03 Jan, 2025

Groceries price rises

Annual inflation ticks up to 1% during December

Ireland’s inflation rate in November was 0.5%, compared to an EU average of 2.2%

Tue, 31 Dec, 2024

Irish consumers end 2024 on cautious note but more positive about their finances next year

Irish consumers end 2024 on cautious note but more positive about their finances next year

December Credit Union Consumer Sentiment Index found households were less fearful about the prospects for their own finances in the year ahead, prompting an increase in spending plans

Mon, 23 Dec, 2024

Family Christmas dinner for a celebration with red wine and cheers.

Cost of Christmas dinner for Irish families jumps to nearly €35 this year

Increase mainly driven by price of turkey as well as Brussel sprouts and mince pies, research shows

Mon, 16 Dec, 2024

High services inflation means 'gradual' rate cuts still needed, says Gabriel Makhlouf

High services inflation means 'gradual' rate cuts still needed, says Gabriel Makhlouf

The prospect of a 0.5% rate reduction was discussed by the European Central Bank on Thursday but was ultimately decided against

Fri, 13 Dec, 2024

Grocery store - Vegetables

Supermarkets record best monthly sales so far this year

In the four weeks to November 3, grocers saw their sales increase 6.4% year-on-year reaching €1.16bn

Mon, 18 Nov, 2024

Full shopping cart, customer is stocking vital needs because of global chaos. Shopping with blur supermarket store products, int

Grocery prices continue to rise faster than overall inflation

Dunnes Stores held the largest share of consumer spend during September after losing it to Tesco last month

Mon, 16 Sep, 2024

Hot topic: Are school meals a good idea or waste of resources and time?

Hot topic: Are school meals a good idea or waste of resources and time?

Principals around the country have different views on the national rollout of meal scheme

Sat, 14 Sep, 2024

Woman working at a restaurant

Hospitality sector records another slight fall in staff numbers

The drop follows a 1% decline in staff numbers recorded in June as the sector continues to navigate cost pressures.

Fri, 13 Sep, 2024

Fuel prices

Inflation drops below 2% for first time in three years

Prices have risen by 1.7% over the past year, with inflation dropping sharply from the 2.2% annual rise recorded in July

Thu, 12 Sep, 2024

Senior couple going over bills

Ifac warns budget spending splurge could rise household bills by €1000 a year

The Irish Fiscal Advisory Council warns a bumper budget will create 'the illusion of gain' but make cost-of-living crisis worse

Wed, 04 Sep, 2024

SWITZERLAND-FOOD-NESTLE-ANNUAL-GENERAL-MEETING

Nestle joins long list of firms replacing chief executives in bid to regain investor confidence

New bosses started at Dove soap maker Unilever, beleaguered infant-formula maker Reckitt Benckiser and Guinness owner Diageo

Fri, 23 Aug, 2024

Colorful fresh fruit and vegetables for sale in local supermarket

Grocery price inflation ticks up to 2.8%

Good weather and major sporting events saw increased spending on alcohol, confectionary and savoury products, market research finds

Mon, 19 Aug, 2024

Woman Holding up a shop sign saying: Sorry we're Closed

Dublin coffee shop shutters due to 'broken system'

The cost of cutting Vat for food-led businesses alone would come to around €545m, according to Tax Strategy papers published earlier this year

Fri, 09 Aug, 2024

Lack of border control at Port of Cork hikes cost of fruit and veg

Lack of border control at Port of Cork hikes cost of fruit and veg

A border control post in Cork would save importers thousands of euro at a time per container and maximise quality and shelf life

Mon, 29 Jul, 2024

Wholesale electricity prices plunge by more than 72% from peak

Wholesale electricity prices plunge by more than 72% from peak

In its latest Wholesale Price Index, the CSO also highlighted that electricity prices have plummeted by almost 41% since June 2022

Mon, 22 Jul, 2024

Cost of Living crisis

Grocery inflation drives sales rather than purchasing activity, report suggests

Shoppers are becoming less frugal as affordability improves with easing inflation

Mon, 22 Jul, 2024

Buying meat at a supermarket.

UK grocery price inflation at lowest in nearly three years

Annual pace of UK supermarket price increases dropped to 1.6% in the four weeks to July 7 from a year earlier, ahead of a decision by Bank of England on interest rate cuts

Tue, 16 Jul, 2024

Pace of consumer price inflation cools to 2.2%

Pace of consumer price inflation cools to 2.2%

There was double digit inflation recorded for certain staple food items such as potatoes and olive oil which were 18% and 24% pricier in the 12 months.

Thu, 11 Jul, 2024

Economy to grow at a slower but healthy pace, says Bank of Ireland

Economy to grow at a slower but healthy pace, says Bank of Ireland

In its economic forecast, the bank said it expects inflation to average 2.3% this year before easing back to 2% in 2025 and 2026

Wed, 03 Jul, 2024

Supermarket spending

The pace of annual price inflation slows to 1.5% in June

Energy prices dropped 5.6% in the period and fell 1% in the month, however, European energy markets are once again feeling the heat as contracts edge higher

Mon, 01 Jul, 2024

Interest rate cuts and lower fuel prices push up consumer sentiment

Interest rate cuts and lower fuel prices push up consumer sentiment

Economist Austin Hughes said the mood of Irish consumers 'brightened markedly' during this month as falling energy costs, lower ECB rates and several encouraging economic indicators 'prompted a more favourable assessment of the outlook for household finances and the broader Irish economy'

Fri, 28 Jun, 2024

Grocery shopping is in session

Grocery spending on summer staples drops in June

'Less than typical sunny weather' earlier this month meant shoppers were reaching for soups rather than burgers and sausages for summer barbecues, according to research

Mon, 24 Jun, 2024

Alcohol Drinking - Stock

Irish consumers paying 40% above EU average prices for household goods

We top EU table on spending for hotels, restaurants, tobacco and alcohol

Thu, 20 Jun, 2024

Woman taking out money from wallet

Annual inflation remains flat in May, new figures show

Falling energy prices countered by rising transport costs, CSO data shows

Thu, 13 Jun, 2024

Grocery price inflation dips to same rate as headline inflation

Kantar said grocery price inflation is now at its lowest levels since March 2022

Mon, 27 May, 2024

From inflation fatigue to Ozempic: UCC report finds major changes coming for food companies

From inflation fatigue to Ozempic: UCC report finds major changes coming for food companies

Changes are needed but public will not stomach high prices, writes Ronan Smyth

Mon, 27 May, 2024

Buying Convenient Food

Annual inflation rate falls to 2.6%

The annual rate of inflation has fallen to 2. 6% during the month of April, as electricity and gas prices continue to fall, but core inflation still continues to run higher, new data from the Central Statistics Office shows.

Thu, 09 May, 2024

Asian Pork and Shrimp Meatball Ramen Soup

Caitríona Redmond: How to make my ginger and garlic pork meatballs with noodles

Plus: figuring out the budget for back-to-school — it makes sense as some things are cheaper to buy now

Thu, 09 May, 2024

Electric Pylons-Stock Photo

Plunging electricity prices signal lower bills, CSO figures suggest

Wholesale electricity prices tumbled 40% in March compared to a year earlier and declined 70% compared to the same month in 2022

Mon, 22 Apr, 2024

Woman working at a restaurant

Over 200 restaurants have closed this year costing the economy €288m

Restaurants Association of Ireland says 212 restaurants, cafés, and other food-led businesses have shut their doors for good in 2024.

Tue, 16 Apr, 2024

Bored female sitting at desk looking at laptop screen

Broadband price hikes are on the way for Irish households

Inflation is dropping but home broadband prices are set to rise for a number of major providers

Fri, 12 Apr, 2024

Brexit

Brexit border controls 'to add to British food prices'

Brexit border controls on certain foods imported to Britain from the European Union may push up inflation there by 0. 2 percentage points, according to a report published by Allianz Trade.

Thu, 11 Apr, 2024

Tesco profits

Tesco shares climb 4% as operating profits in UK and the Republic top €3.1bn

Sales in the Republic gain almost 7% to €3.39bn during the worst of the cost-of-living crisis, the annual results show

Wed, 10 Apr, 2024

Woman Holding up a shop sign saying: Sorry we're Closed

Liquidators to be appointed to two Munster businesses

'Due to extremely high and continuously rising costs and demands across all aspects of the business, we have no choice but to close our doors'

Wed, 10 Apr, 2024

Grocery shopping is in session

Annual grocery price inflation drops to 3.7%

This represents a massive drop from the 16% grocery price inflation recorded in March 2023, but it is still above the general rate of inflation

Tue, 02 Apr, 2024

Austin Hughes: Split between consumers who are comfortable and those barely clinging on

Austin Hughes: Split between consumers who are comfortable and those barely clinging on

While the picture painted by Irish consumer sentiment survey is one of a cautious consumer at present, arguably a more important message is a tale of three consumers

Mon, 01 Apr, 2024

Woman Holding up a shop sign saying: Sorry we're Closed

Hospitality body reiterates call for Vat cut, but not for all

The RAI estimated that between 400 and 500 more business could be forced to shutter this year.

Sun, 31 Mar, 2024

Easter egg hunting background

Expensive Easter eggs and smaller sweets: 'chocolate meltdown' fears grow

Cocoa prices have reached all-time highs on commodity exchanges, more than $10,000 a tonne, after the third consecutive poor harvest in West Africa, but farmers won't see any of the money

Fri, 29 Mar, 2024

NM: Easter Candy Displays

KitKat, Cadbury Egg makers feel pain of record-high cocoa prices

Cocoa prices has even managed to best the dazzling performance of artificial intelligence darling Nvidia, as it even became more expensive than copper

Thu, 28 Mar, 2024

Sao Paulo Easter Egg

Easter egg price hikes are just the start as cocoa soars

Cocoa has more than doubled in price already this year, making it the world’s hottest commodity

Sun, 24 Mar, 2024

Grocery shopping is in session

Spending on groceries up 10% last month after steep decline in January

Spending by customers increased by 4% in February compared to January, with large increases seen with spending in groceries, health and beauty, and with airlines, AIB data shows

Fri, 15 Mar, 2024

Grocery shopping is in session

Grocery price inflation falls to a near two-year low

Despite the levels of inflation reducing, consumers are continuing to manage their household budgets with own-label goods continuing to grow strongly

Mon, 04 Mar, 2024

Grocery shopping is in session

'It’s a constant stress': Government urged to act amid surge in families turning to food banks

Parents skipping meals, borrowing money to feed their children, and cutting spending on clothes to buy food, survey found

Tue, 27 Feb, 2024