Food inflation leads to rise of Gulf discount operators
- Date: 01-Dec-2023
- Source: AGBI
- Sector:Agriculture
- Country:UAE
Food inflation leads to rise of Gulf discount operators
Rising food costs in the Gulf over the last two years have spurred an increase in the number of discount operators entering the market. The food and beverage category of the UAE’s consumer price index rose from 100.3 in 2021 to 107.5 in 2022, and is forecast to rise further to 111.8 in 2023, according […]
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Rising food costs in the Gulf over the last two years have spurred an increase in the number of discount operators entering the market.
The food and beverage category of the UAE’s consumer price index rose from 100.3 in 2021 to 107.5 in 2022, and is forecast to rise further to 111.8 in 2023, according to government statistics.
“The discount retailers are seeing traction, especially as consumer prices are increasing and the quality of private labels continues to increase,” Sandeep Ganediwalla, partner at Redseer Consulting in Dubai, told AGBI.
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He highlighted the example of Viva, a discount supermarket chain launched by the UAE’s Landmark Group in February 2018.
“They are a private