The report noted that away from food there were some savings to be had for shoppers, as the overall shop price inflation rate eased slightly to 7.3% for the month
Kantar Worldpanel data showed a record amount spent over the four weeks to 25 December, despite a stampede towards value ranges.Sales volumes - the amount of goods bought - actually fell by 1%.
Its chief executive, Helen Dickinson, said the festive season had clearly been"challenging" for families given the scale of the"Not only did the cold snap force people to spend more on their energy bills, but the prices of many essential foods also rose as reverberations from the war in Ukraine continued to keep high the cost of animal feed, fertiliser and energy," she said.
"The combined impact was that price increases overall plateaued, with the reduction in non-food inflation offsetting the higher food prices." While supermarkets are thought to have benefited from more people eating at home, hospitality and retail store jobs are seen as being at risk in the months ahead as belts are tightened.A string of well-known names - Greggs, B&M and Next - report trading updates on Thursday. Each is likely to be very cautious on the outlook for sales ahead.
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