Wed, 16 Jul 2025

Wed, 16 Jul 2025 'No respite for consumer' as food prices remain 'stubbornly high'

It comes as official figures show food and drink prices rose by 4.5% in the 12 months to June.

* Northern Ireland consumers can expect no relief from rising food prices, with one grocery business warning that prices could reach 5% by the end of the year.
* The Henderson Group reported a 4.5% increase in food and drink prices over the past 12 months, the highest rate since February 2024 but still below the peak seen in early 2023.
* The company's chief financial officer Neil Gamble said: "There is no respite for the consumer in this environment - it's a tough environment."
* Food price inflation remains stubbornly high due to global and local challenges, including rising costs of cocoa, coffee, and butter.
* Retailers are struggling to pass on costs to consumers, with many opting to review prices weekly and invest in promotions and suppliers.
* Consumers are adapting by reducing footfall but increasing basket size, said Gamble: "The consumer is visiting the store less often, but buying more."
* With energy costs still significantly elevated compared to 2022 levels, retailers like Henderson Group are re-evaluating investments and reviewing prices regularly.
* Consumers are feeling the pinch, with many cutting back on non-essential items and shopping more infrequently: "It's too dear, and I can't afford it," said one pensioner.
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