Almost half of adults in Great Britain cut back on food spending – ONS
by Larry Elliott Economics editor from on (#60Q5K)
Smaller grocery bills amid rising cost of living behind 0.5% drop in retail sales in May, statistics body says
Tough summer ahead for shops as consumer confidence hits rock bottom
Almost half the adults in Great Britain are cutting back on the amount of food they buy as the cost of living crisis forces them to trim their weekly supermarket shop, the latest official figures have shown.
In stark evidence on the effect of rising inflation on spending patterns, the Office for National Statistics said 44% of adults surveyed last month said they were buying less food - up from 18% at the start of the year.
Continue reading...