Shoppers across the United Kingdom have reportedly started to stock up on essentials like cooking oil and others as grocery price inflation reaches its highest in over a decade this month. As per the recent survey by market analyst Kantar, supermarket customers were bracing for the limited stock of some supplies as well as increased prices as the crisis in Ukraine raised public awareness of supply challenges and prices soared. Cooking oil sales grew 17% in the year ending April 2021, with sunflower oil, the most widely used frying oil in the UK, up 27%, while vegetable oil sales, increased by 40%. According to Fraser McKevitt, Kantar's retail and consumer analytics head, the average household faces possible grocery price hikes of £271 per year. McKevitt further stated that last weekend, numerous supermarkets imposed curbs on the purchase of cooking oil as worried customers stocked up on supplies.

Source: The Guardian April 28, 2022 12:09 UTC