Ocado hits headlines again as it trims 1,000 jobs to save cash and stay cash-flow positive, after a web-heavy UK grocery push and Kroger fallout. Brief bio: UK online grocery tech specialist.
UK grocery inflation slowed to 1.1% in February, the lowest in three months, driven by fierce retailer competition and falling global costs. Food inflation decreased to 3.5%, with non-food prices also easing. The Bank of England monitors food prices closely as they influence overall inflation expectations.