Supermarkets Spark First Food Price Drop in Two Years
In a shock twist, the ferocious supermarket battle has triggered the first fall in food prices in over two years. The British Retail Consortium (BRC) revealed a slight 0.1% price dip in September, breaking the relentless climb that shoppers have endured.
Dairy products, margarine, fish, and veggies—mainly own-brand lines—saw prices slip. This shift signals more than just cheap deals; it hints at a changing supermarket game.
Grocery Inflation Starts to Ease, But Still High
While grocery inflation remains tough at 9.9% for the year to September, that’s a significant drop from 11.5% in August. Overall shop price rises, including non-food goods, slowed to 6.2% last month—the lowest for a year.
The BRC credits savvy pricing strategies and smart discounts for easing the pinch. Back-to-school savings on uniforms and supplies have also helped ease pressure on strained household budgets.
Burger King Still Clings to Russia Despite Exit Pledge
More than a year after promising to pull out of Russia, Burger King is still open for business there. Restaurant Brands International (RBI), owner of 15% of Russia’s fast-food market, has faced harsh criticism for dragging its feet amid the Ukraine war.
Accused of propping up Putin’s regime, RBI blames a complex joint venture with three partners operating around 800 restaurants. The lack of updates fuels questions about the global giant’s commitment to exit Russia.
PM Sunak Holds Fire on Northern HS2 Decision
Rishi Sunak is keeping Britain guessing on the fate of the HS2 high-speed railway’s northern leg. With the Tory conference in Manchester looming—a key HS2 stop—business chiefs are eager for answers.
Sunak insists he won’t rush a decision affecting billions of taxpayers’ cash. “It’s about doing the right thing for the country,” he said, dodging pressure to announce prematurely. The delay leaves many wondering what’s next for this mega transport project.
