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Mike Watkins

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Mike Watkins Life story


Michael John Watkins is a former Welsh rugby union player who won four caps for Wales as a hooker. He played club rugby for Cardiff and Newport and county rugby for Monmouthshire.

Food prices see first fall for two years as stores compete

Food prices see first fall for two years as stores compete
Oct 2,2023 9:11 pm

... Mike Watkins from NielsenIQ, which produces the shop price index with the BRC, said that despite price cuts by supermarkets in recent weeks, " there continues to be pressure on budgets with over half of households still feeling that they are significantly impacted by the continued increases in cost of living"...

Food price inflation slows to lowest level this year

Food price inflation slows to lowest level this year
Jul 31,2023 11:51 pm

... Mike Watkins, head of retailer and business insight at NielsenIQ, admitted the outlook was improving...

Supermarket price rises hit new high in May

Supermarket price rises hit new high in May
May 29,2023 7:50 pm

... Mike Watkins, head of retailer and business insight at NielsenIQ, said: " Food retailing in particular is competitive, so hopefully the recent price cuts in fresh foods is a sign that inflation has now peaked, albeit ambient inflation may take a little while longer to slow...

Shoppers face higher prices after energy bill help ends

Shoppers face higher prices after energy bill help ends
Jan 3,2023 7:21 pm

... Rising food and energy prices along with the arrival of Christmas spending bills mean shoppers will have less to spend on non-essential items in January, according to Mike Watkins, head of retailer and business insight at NielsenIQ...

Coffee prices jump as food inflation hits new high

Coffee prices jump as food inflation hits new high
Nov 30,2022 6:20 am

... Mike Watkins of NielsenIQ, which carried out the research, said that with prices still rising shoppers would be managing their Christmas budgets " more closely than at any time since the start of cost-of-living crisis" In response, retailers were offering seasonal savings and price cuts in an effort to encourage shoppers to spend " as we move into December " he added...

Cost of living: Margarine prices rise, but blueberries get cheaper

Cost of living: Margarine prices rise, but blueberries get cheaper
Oct 1,2022 7:30 am

... " Mike Watkins, head of retailer and business insight at NielsenIQ, said: " With food and household energy prices continuing to rise, it s no surprise that NielsenIQ data shows that 76% of consumers are saying they expect to be moderately or severely affected by the cost-of-living crisis over the next three months, up from 57% in the summer...

Shop prices rise at fastest rate in over ten years, says BRC

Shop prices rise at fastest rate in over ten years, says BRC
Mar 2,2022 3:52 am

... Mike Watkins, head of retailer and business insight at research firm NielsenIQ, said he expects shop prices to continue to rise over the next few months...

Coronavirus: Six ways the lockout has changed, UK

Coronavirus: Six ways the lockout has changed, UK
Apr 18,2020 11:08 pm

... If the country was told not to travel, people shopping, says Mike Watkins, Nielsen head of retailer and business insight...

Cost of living: Margarine prices rise, but blueberries get cheaper

Apr 18,2020 6:32 pm

Food prices rose at their fastest rate on record in September, with products like margarine Getting More expensive, The British Retail Consortium says.

Food price inflation jumped from 9. 3% last month to 10. 6% this month, according to the BRC-NielsenIQ price index.

The War in Ukraine has pushed up food prices around The World .

However, long spells of sunshine helped bring down The Price of fruit such as strawberries and blueberries.

The cost of living is increasing at, driven largely by The Rising cost of food and energy.

Overall UK inflation, which measures the rate at which prices rise, was 9. 9% in August, according to The Office for National Statistics.

Russia's invasion of Ukraine has been one of the factors pushing up prices at supermarket tills.

The War has disrupted supplies from the Two Countries , which are major exporters of goods such as Sunflower Oil , wheat, and fertiliser.

Globally, food price rises have eased in recent months, But any benefits are unlikely to feed through to supermarket bills for several months.

According to the BRC-NielsenIQ price index, UK food inflation accelerated strongly to 10. 6% in September. This marks the highest rate of food inflation on record.

The inflation rate for fresh food also hit a record high, at 12. 1% in September, up from 10. 5% in August, according to the industry group.

However, while products such as margarine have been rising sharply in price, other food items fell in price over the month.

While the summer drought diminished some harvests, other produce benefited from the prolonged sunshine, helping to bring down prices for fruit such as strawberries, blueberries and tomatoes.

Overall shop price inflation rose to 5. 7% in September, up from 5. 1% in August. That marks a new record since the BRC-NielsenIQ index began in 2005.

Non-food inflation also rose, driven by gardening, DIY and hardware products which were hit hard by an increase in transport costs.

Weak pound

Helen Dickinson, Chief Executive of the BRC, said the plunge in the value of the pound was adding to pressures on retailers.

The pound touched, after a pledge of further tax cuts by Chancellor Kwasi Kwarteng and worries about higher interest rates knocked investors' confidence.

" Retailers are battling huge cost pressures from the weak pound, rising energy bills and global commodity prices, high transport costs, a tight labour market and the cumulative burden of government-imposed costs, " said Ms Dickinson.

" And, with business rates set to jump by 10% next April, squeezed retailers face an additional £800m in unaffordable tax rises. Government must urgently freeze The Business rates multiplier to give retailers more scope to do more to help households. "

Mike Watkins , head of retailer and business insight at NielsenIQ, said: " With food and household energy prices continuing to rise, it's no surprise that NielsenIQ data shows that 76% of consumers are saying they expect to be moderately or severely affected by the cost-of-living crisis over The Next three months, up from 57% in the summer.

" So households will be looking for savings to help manage their Personal Finances this autumn and we expect shoppers to become more cautious about discretionary spend, adding to pressure in the retail sector. "



Source of news: bbc.com

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