According to survey data released by London's Reuters, nearly half of the uk's population is changing their spending habits to alleviate the pressure of life caused by inflation.
According to a study by the Food Security Program Red Tractor and polling firm YouGov, 46% of people are changing their buying habits, with 30% buying fewer meat products and another 13% buying fewer fruits and vegetables!
They say 24 percent of shoppers are buying products at reduced prices, and these people even buy products they think are of lower quality.
Research shows that since Red Tractor released its first food trust index in 2021, The British people's trust in its domestic food has dropped by 8% and its trust in supermarkets by 20%!
Other findings have found that the UK's exit from the EU is having an irreversible impact on food quality and prices, with 26% of respondents saying they believe the quality of food in the UK has been declining over the past two years.
In addition, 43% of consumers believe that the new trade agreement will further lower food standards in the UK.
The study found that 27% of consumers in the UK trust products from the US and 18% trust products from India.
According to industry data released on 19 July 2022, ukh grocery inflation was 9.9% in the nearly month ended 10 July. Compared with the same period, the price of milk increased by about 20%, the price of livestock, seafood and poultry represented by hamburger patties increased by about 13%, and the average annual expenditure of britons increased by 454 pounds (equivalent to about 3676 yuan).
Market researcher Kantar said: Since the beginning of the Russian-Ukrainian conflict, the price of feed for raising livestock and poultry has risen, which has led to a corresponding increase in food prices. More and more Britons are turning to discount stores and private label products to control their weekly cost of living.
According to Nielsen's forecast, food inflation could reach 15% in the summer of 2022 and 20% in early 2023.
Source: Reuters