UK unemployment rises while regular wage growth slows; bitcoin breaks $89,000 – business live
Jobless rate rises to 4.3% while wage growth excluding bonuses is at a two-year lowGrocery price inflation in the UK picked up in October, while supermarket sales hit their highest level so far this year, as shoppers started their Christmas shopping early, buying mince pies and Christmas cake.Grocery prices rose by 2.3% year-on-year, up from 2% in September “but still within typical levels,” according to retail analysts Kantar. The rate has been below 3% every month since the early summer.Spending on deals has been going up consistently for the past 18 months and it now makes up 28.6% of all sales. Offers are helping to lift branded sales especially. The growth gap between brands and own-label is the biggest it’s been since February 2021, sitting at 4.9% and 2.7% apiece.Many of us got into the spooky spirit last month, as 3.2m households bought at least one pumpkin. Confectionery spending also got a boost to £525m in October as sales of chocolates and sweets both went up, climbing by 13% and 7% each. Continue reading...
Jobless rate rises to 4.3% while wage growth excluding bonuses is at a two-year low
Grocery price inflation in the UK picked up in October, while supermarket sales hit their highest level so far this year, as shoppers started their Christmas shopping early, buying mince pies and Christmas cake.
Grocery prices rose by 2.3% year-on-year, up from 2% in September “but still within typical levels,” according to retail analysts Kantar. The rate has been below 3% every month since the early summer.
Spending on deals has been going up consistently for the past 18 months and it now makes up 28.6% of all sales. Offers are helping to lift branded sales especially. The growth gap between brands and own-label is the biggest it’s been since February 2021, sitting at 4.9% and 2.7% apiece.
Many of us got into the spooky spirit last month, as 3.2m households bought at least one pumpkin. Confectionery spending also got a boost to £525m in October as sales of chocolates and sweets both went up, climbing by 13% and 7% each. Continue reading...
