In June, 70% of Britons had noticed examples of shrinkflation, up from 65% in May – particularly when buying chocolate (46%), crisps (42%), packets of biscuits (37%) and snack bars (32%). Shoppers also reported seeing shortages of certain products at the supermarket, with 37% noticing that some basic items including eggs, fresh produce and tinned staples were regularly unavailable. Spending on non-essential items increased by 5.7% over the month as the sunny weather drove demand for socialising with friends and family. Spending at pubs, bars and clubs increased by 8.4% as a result of the weather, rising beer prices and Father’s Day celebrations. Meanwhile, spending on airlines increased 33.5% as households prioritised summer holidays abroad, outpacing demand for staycations.

Source: Ethiopian News July 12, 2023 10:12 UTC