Grocery price rises turn up heat on British consumers -Kantar research - NewsBreak

* Grocery price inflation 2.1% in four weeks to Oct. 31 * Grocery sales down 1.9% yr/yr in 12 weeks to Oct. 31 * Tesco only group to increase yr/yr sales over 12 weeks * Britons preparing for Christmas early By James Davey LONDON, Nov 9 (Reuters) - British grocery price inflation was 2.1% in the four weeks to Oct. 31, its highest level since August 2020, market researcher Kantar said on Tuesday, adding to the pressure on household finances. Last week the Bank of England confounded widespread market expectations of an interest rate hike but with overall inflation heading for almost 5% one is expected soon. Kantar said grocery prices are rising fastest in markets such as savoury snacks, canned colas and crisps while falling in fresh bacon, vegetables and pet treats. "Grocery ... inflation hit its highest rate since August 2020, when retailers were still cutting promotions (during the pandemic) to maintain stock on the shelves," said Fraser McKevitt, head of retail and consumer insight at