Like-for-like grocery price inflation has fallen for the second month in a row and now sits at 17.2% for the four weeks to 14 May 2023, according to the latest data from Kantar. Take-home grocery sales rose by 10.8% over the month in comparison with the same period last year. McKevitt explains: “Grocery sales soared by 16% during the week of the coronation, adding up to an extra £218 million passing through the tills. Asda grew by 10.6% and its market share now stands at 13.9%, a rise of 0.1 percentage points when compared to the same 12 weeks last year. Sainsbury’s sales rose by 10.5% and it held market share steady at 14.8%.

Source: The Times May 24, 2023 16:15 UTC