LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Rising food prices sees a rise in adults now stealing at self-checkout – London Business News | London Wallet

Philip Roth by Philip Roth
May 10, 2023
in UK
Rising food prices sees a rise in adults now stealing at self-checkout – London Business News | London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

England, Scotland and Wales hit 30C before heatwave starts easing

England vs Wales: Euro 2025 – LIVE

Sinner gets revenge over Alcaraz to claim first Wimbledon title

One in five adults say that they have sought financial support due to rising food prices and over the past year one in 25 adults have intentionally skipped or incorrectly scanned items at a self-checkout.

This figure doubles to one in 10 among 18-34-year-olds with 8% have used their overdraft or a credit card to pay for food.

There is 5% of adults who have started using food banks and 6% have had to borrow money from friends or family to cover essential food purchases.

ZIPZERO commissioned an independent survey amongst 2,000 adults to understand how the increasing price of food is impacting households across the country.

This comes as most recent estimates from the ONS record a staggering 19.2% rise in the price of food and non-alcoholic beverages year-on-year from March 2022.

The monetary impacts are widespread, with 1-in-5 adults having to seek financial support to cope. The research found that younger adults, aged between 18-34, were suffering disproportionately, with 37% seeking financial support compared to 5% of those aged over 55.

When asked about the actions they have taken to reduce food expenditure over the past 12 months, 8% said they have used an overdraft or a credit card to pay for food, while 6% have had to borrow money from friends or family to cover the cost.

Meanwhile, many adults have turned to more extreme measures to reduce expenditure over the past 12 months, with 1 in 25 adults admitting that they intentionally skip out or incorrectly scan items when using self-checkout services. This figure rises to 1 in 10 among those aged 18-34.

A further 1 in 20 adults have turned to food banks to reduce their household shopping bills.

Mohsin Rashid, CEO of ZIPZERO, said, “With Winter over, food inflation is now comfortably the biggest threat behind the cost-of-living crisis. Over the past few months, it has consistently been one of the biggest drivers of overall inflation, and our research highlights its devastating consequences.

“The rising price of food is massively destabilising household finances. With 1 in 5 adults seeking financial support, and double this number for young adults, there can be no doubt that food inflation is raising poverty levels in the country.

“The resilience and tenacity of Britons have been remarkable, with many finding new savvy ways to cut spending. But we are running out of room to manoeuvre. With a staggering number of adults actively turning to petty theft and food banks to reduce costs, food inflation is changing social norms and redefining life standards in the UK. Sector-wide intervention, akin to the Energy Support scheme, is needed to prevent this crisis from spiralling further.”



Source link

Share30Tweet19
Previous Post

Livent to merge with Australian lithium miner Allkem in $10 billion deal

Next Post

Manchester rolls out next wave of selective licensing schemes – LandlordZONE

Philip Roth

Philip Roth

Recommended For You

England, Scotland and Wales hit 30C before heatwave starts easing
UK

England, Scotland and Wales hit 30C before heatwave starts easing

July 13, 2025
England vs Wales: Euro 2025 – LIVE
UK

England vs Wales: Euro 2025 – LIVE

July 13, 2025
Sinner gets revenge over Alcaraz to claim first Wimbledon title
UK

Sinner gets revenge over Alcaraz to claim first Wimbledon title

July 13, 2025
Chelsea vs PSG: Club World Cup final— LIVE
UK

Chelsea vs PSG: Club World Cup final— LIVE

July 13, 2025
Next Post
Manchester rolls out next wave of selective licensing schemes – LandlordZONE

Manchester rolls out next wave of selective licensing schemes – LandlordZONE

Related News

Fed ramps up oversight of banks’ crypto-related activities

Fed ramps up oversight of banks’ crypto-related activities

August 8, 2023
Shaquille O’Neal gets judge’s greenlight for M Astrals NFT settlement

Shaquille O’Neal gets judge’s greenlight for $11M Astrals NFT settlement

April 9, 2025
What the papers say – October 26

What the papers say – October 26

October 26, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?