Grocery price inflation in Great Britain has slightly decreased but remains elevated, according to a monthly survey by Worldpanel by Numerator, formerly known as Kantar. For the four weeks ending on August 10, annual grocery price inflation fell from 5.2% in July to 5%.
The survey indicates that the fastest rising prices are for chocolate confectionery, fresh meat, and coffee. In contrast, prices are decreasing most sharply for champagne, sparkling wine, dog food, and sugar confectionery. Concerns were raised by the Bank of England regarding the ongoing increase in food prices, even as it decided to cut interest rates during its meeting on August 7.
Fraser McKevitt, head of retail and consumer insight at Worldpanel, noted that while there has been a marginal drop in inflation, consumers are still feeling the impact of price increases. He highlighted that shopping expenses significantly influence overall consumer spending habits, including dining choices outside the home. The survey noted that casual and fast-service restaurants experienced a 6% decline in visitors during the three months leading to mid-July compared to the previous year, although coffee shops appeared to be an exception.
In related developments, Japan’s SoftBank announced plans to invest $2 billion in Intel, which has been facing challenges. This investment represents a 2% stake in the struggling chip company. Reports have also emerged that the Trump administration is considering acquiring a 10% stake in Intel through Chips Act subsidies.
Finally, discussions around a potential new property tax in the UK have surfaced, which could reduce the cost of buying homes valued above £500,000. Industry experts have expressed varying opinions on the implications of this potential change, particularly concerning ownership costs.
Source: https://www.theguardian.com/business/live/2025/aug/19/softbank-invests-2bn-intel-proposed-new-uk-property-tax-could-cut-cost-buying-expensive-homes-business-live