Global Economy

UK Grocery inflation at 2.3% in 4 weeks to Sep (vs 2.1% in Aug), Worldpanel says

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Worldpanel reported UK grocery inflation rose to 2.3% in September. Ocado led sales growth at +13.3%, while Tesco and Sainsbury's market shares held at 27.8% and 15.2%.

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Sales Tesco (TSCO LN) +1.7% (vs 1.8% M/M) Sainsbury's (SBRY LN) +2.9% (vs 3.5% M/M) Ocado (OCDO LN) +13.3% (vs 13.1% M/M) Market Share Tesco (TSCO LN) 27.8% (vs 28.1% Y/Y, vs 27.8% M/M) Sainsbury's (SBRY LN) 15.2% (vs 15.2% Y/Y, vs 15.2% M/M) Ocado (OCDO LN) 2.2% (vs 2.0% Y/Y, vs 2.1% M/M)

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