Aldi issues stark warning over rising food prices
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Aldi issues stark warning over rising food prices
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"Aldi is now again ranked the cheapest supermarket in the country by Which?, having been usurped briefly by Lidl in August. But with the Food and Drink Federation (FDF) whose members make a quarter of all food and drink sold in the UK upping its estimations of food inflation across the rest of the year to as high as 5.7 per cent, the cost pressures on consumers only continue to grow."
Independent journalism relies on donations to fund on-the-ground reporters and keep reporting free of paywalls. Donations support investigative work into reproductive rights, climate change, and corporate finance. The chief executive of Aldi UK warned that additional burdens on businesses in the upcoming Budget could push grocery prices higher, which are already at record levels. Aldi regained ranking as the cheapest supermarket, but the Food and Drink Federation raised food inflation forecasts up to 5.7% for the rest of the year. New packaging rules, recent labour cost increases, and potential business rates changes add cost pressures that may be passed on to consumers.
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