UK grocery prices not yet affected by Brexit

Britain’s decision to quit the EU in last month’s referendum has not had an immediate impact on grocery prices or the volume of goods sold, according to industry data.

However, several surveys have indicated a sharp drop in UK consumer confidence but there is little evidence that has translated into lower spending.

Market researcher Kantar Worldpanel said overall UK grocery sales rose 0.1% year-on-year in the 12 weeks to July 19, while deflation was 1.4%.