# UK supermarket sales rise 5.4%, NIQ market researcher says
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2024-04-03
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: UK Supermarket Sales Rise by 5.4% in March
Meta Description: British supermkt sales up 5.4% YoY, thanks to lower inflation. Boost in purchases driven by competition & lower food prices. Consumer spend still under
URL: https://fintechherald.com/uk-supermarket-sales-rise-5-4-niq-market-researcher-says

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## UK supermarket sales rise 5.4%, NIQ market researcher says   LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-year in the four weeks to March 23 as slowing inflation encouraged shoppers to increase their purchases, industry data showed on Wednesday.    The increase was slightly stronger than the 5.3% rise reported a month earlier, market researcher NIQ said.    Mike Watkins, NIQ’s UK head of retailer and business insight, said a fall in food prices in March and competition amongst the supermarkets boosted sales.    “However, overall consumer spend remains under pressure as many household bills continue to increase above (inflation) and this is reflected in the continued weak consumer confidence,” he said.        (Reporting by Paul Sandle; Writing by William Schomberg; Editing by Sachin Ravikumar)


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