United Kingdom

In 2023, debit cards remains the preferred and most widely used payment method, increasing from the previous year in terms of the number of cards in circulation, as well as the volume and retail value of transactions. However, this growth is set to…

In 2023, the UK’s economy has continued to be characterised by a high inflation rate and a rising cost of living. And, while in 2022 this situation was mainly exacerbated by the high cost of energy, in 2023 this cost has gradually started decreasing,…

Pre-paid cards is set to see a solid performance in 2023, while other card payment methods, such as charge cards and store cards, are set to decrease significantly, and others are set to see slower growth, such as debit cards. One of the factors…

Even though consumers have relied more on credit to afford higher retail prices in 2023, due to the economic situation in the country, store cards have continued to decrease in popularity, with declines expected in terms of cards in circulation, and…

The performance of baked goods has been particularly hit by the supply chain crisis, as wheat shortages are putting severe pressure on production costs. The expiration of the Black Sea corridor deal in July 2023 has fuelled further delays in the…

Breakfast cereals faced severe challenges from the economic and regulatory framework in 2022. On the one hand, the supply chain crisis, including the tight global supplies of raw materials due to the war in Ukraine, forced manufacturers and retailers…

In 2022, retail volume sales of processed fruit and vegetables were challenged by inflationary pressures. The category, which recorded strong growth in 2020 when COVID-19 lockdown restrictions turned consumers towards convenient food solutions, has…

Processed meat, seafood and alternatives to meat recorded severe losses in retail volume sales in 2022, and decline is set to continue in 2023, although at a slower rate, with demand being heavily affected by the cost-of-living crisis. As consumers…

In 2022, rice, pasta and noodles was one of the categories that faced strong price increases due to the supply chain crisis, with wheat and rice shortages putting particular pressure on production costs. Further high single-digit price increases are…

Rising production costs due to the energy crisis, labour shortages, and the increasing price of raw materials across the entire supply chain led to strong rises in the prices of staple foods in 2022. High single-digit price increases are also…