Britons Delay Christmas Shopping as Grocery Price Inflation Hits Record 14.7 Percent

A customer shops for food items inside a Tesco supermarket store in east London, on Jan. 10, 2022. Daniel Leal/AFP via Getty Images

British consumers are delaying their Christmas shopping as grocery price inflation in the UK hits a new record, according to new research.

According to the latest data from research firm Kantar, four-week grocery price inflation has reached 14.7 percent, the highest since the firm began to record the data in 2008.