Andy Searle, EMEA Leader of Consumer Products, comments on the ONS' Consumer Price Inflation data

“As expected, inflationary pressure remains high amidst growing energy bills, persistent food price increases, a weakened pound and ongoing labour inflation. At the same time, consumer confidence is at a low, while businesses are still leaning on price rather than volume—a strategy that is likely to struggle to hold up as consumers push back.

“With the Autumn Budget imminent, consumer goods leaders will be keeping a watchful eye on economic and fiscal changes alongside energy support and business rates. However, a growing concern is the mounting ‘Buy Now, Pay Later’ trend – particularly with Christmas approaching – and what that means for consumer resilience heading into 2026. With many households having used their Covid-era savings, a greater number of consumers are relying on borrowing, and any indirect tax could add further pressure.