While the headline rate of food inflation was around 19%, that didn’t mean households were spending 19% more on their food, Mr Roberts added, since most shoppers had decided to buy less, trade down to less expensive choices, or shop more frequently to avoid waste.
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Boeing faces new inquiry over 787 inspection doubts
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“We quickly reviewed the matter and learned that several people had been violating company policies by not performing a...
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Banks ‘too often blaming customers’ for fraud
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This Contingent Reimbursement Model Code – or CRM – means that banks should refund victims, if they are not...
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ChatGPT can now access up to date information
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“If this functionality or capability weren’t there, you would need to go to Google or to Twitter or to...
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Primark says stock woes could persist until 2023
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Mr McLintock said AB Foods – which, as well as running Primark, also owns food brands such as Twinings,...
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Warning jailed bankers ruling could hit loan rate
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In a statement, the three founders said: “We deeply regret that, due to a deep misunderstanding by the UK...
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Fujitsu admits it has a ‘moral obligation’ to compensate Post Office victims
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When prosecutions were taking place, Fujitsu had told the Post Office that no-one, apart from sub-postmasters themselves, could access...
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Energy bills: ‘It’s really extraordinarily grim’
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In a statement, the Department for Business, Energy and Industrial Strategy told Money Box: “We recognise that leaseholders and...
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FTX: ‘Crypto King’ admits people got hurt as he speaks out in trial
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But prosecutors have accused him of using FTX customer funds to prop up his crypto-focused hedge fund, Alameda Research,...
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