Inflation
This coverage explores how inflation impacts the UK petcare industry, from rising supply chain costs to shifts in consumer spending. Pet Gazette reports on price trends, cost pressures for retailers and wholesalers, and strategies businesses are using to protect margins and maintain competitiveness. Coverage includes economic analysis, expert commentary, and case studies showing how inflation affects product pricing, sourcing, distribution, and overall market performance across the pet retail and supply sectors.
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Feb- 2024 -8 FebruaryBusiness
Demand remains for healthy pet food despite inflation, study finds
Owners continue to want “quality”, “nutritional” and “healthy” food for their pets despite inflation and price increases on pet food, according to a new research by market research agency FMCG Gurus, on behalf of Beneo. The new global survey has been conducted with 2,500 dog and cat owners in the…
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Jan- 2024 -2 JanuaryEconomy
Shop price inflation flatlines in December
The annual shop price rise was slower than the three-month average rate of 4.6% at 4.3%, the lowest since June 2022, according to the BRC’s latest shop price index. The index, which compiled data from the first week of December, showed that non-food price inflation picked up to 3.1% in…
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Dec- 2023 -20 DecemberEconomy
UK inflation falls to two-year low of 3.9%
UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to new figures from the Office for National Statistics. The rate of inflation was lower than expected after falling from a rate of 4.6% in October, though the ONS said prices…
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1 DecemberEconomy
Early signs of footfall recovery ahead of festive trading, BRC finds
The retail sector experienced early signs of footfall recovery in November as total UK footfall decreased by 0.7% in November(YoY), an improvement on -5.7% in October, according to the latest data from the BRC. High Street footfall decreased by 1.7%, an improvement on -4.6% in October, whereas Retail Parks again…
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Nov- 2023 -9 NovemberRetailers
BRC welcomes government pledge to bring down inflation
The British Retail Consortium (BRC) has welcomed the government’s pledge to bring down inflation as outlined in the King’s Speech yesterday (7 November). However, the body has criticised the decision to omit retail crime from its pledge for future crime legislation. As part of his speech the King announced that…
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Oct- 2023 -24 OctoberRetailers
Cost of living likely to hurt Christmas spending
Four in 10 consumers have said that they will be spending less on Christmas presents this year, according to data from KPMG UK. However, 45% of those surveyed stated that their budget for Christmas presents remained the same as last year. Only 4% of all the consumers surveyed said they…
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Sep- 2023 -25 SeptemberEconomy
Private labels increase European market share to 34%
Private pet food labels now have a market share of 34% in the six biggest markets in Europe, according to data from Circana. Data collected from France, Italy, Germany, Spain, UK, and Netherlands showed value sales of pet food have grown across Europe by 5.4% over the last four years…
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21 SeptemberBusiness
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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6 SeptemberRetailers
Jollyes delivers ‘best-ever’ results as sales rise to £33.7m
Jollyes has delivered its “best-ever” results as total sales in Q1 soared 33.6% to £33.7m compared with £25.3m the prior year. For the 13 weeks to 27 August 2023, like-for-like sales were also up 23%, a step up from the 17% like-for-like rise Jollyes achieved in FY23. The group said…
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Aug- 2023 -8 AugustEconomy
Retail sales growth slows in July amid heavy rain
The UK’s total retail sales increased by 1.5% in the four weeks to 29 July, against the 2.3% growth experienced in the same month last year. This was below the three-month average growth of 3.5% and the 12-month average growth of 3.9%, according to BRC data. This lacklustre growth in…
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