Skip to main content

Ramadan 2023: What impact does cost of living have on Muslim consumers in UK?

Ramadan 2023: What impact does cost of living have on Muslim consumers in UK?
 

According to the latest survey by Nano Interactive, scores of Muslims in the UK are likely to cut back on their Ramadan spending owing to the deepening cost of living crisis. While 48% of respondents said the situation has already imposed considerable stress on their Ramadan and Eid preparations, 41% said they expected to eat out less for iftar this year.

A mother of four, Iman, will not be buying dates this Ramadan. The fruits gain increased prominence during the holy month. But their growing cost has made them unaffordable for a number of families in the UK. Prices of dates have shot up to £10 per kg from £4-6, Iman said. Nevertheless, certain supermarkets are offering better deals compared to the local shops.

In a Facebook group created to bring Egyptians in the country together, one woman suggested that the larger supermarkets were purchasing in bulk and therefore were able to offer better deals and pass some of their savings on to their customers.

In fact, The National found the price of Mejdool dates in the local shops in London range from £9-15 per kg. But Asda, Tesco, and Sainsbury's offered the same at £6, £4.19-5.60, and £7 per kg, respectively. Even British Retail Consortium spokesman Tom Holder, in its recent statement to the news agency, underscored the bulk buying powers of the large supermarkets.

In addition to their scale of purchase, one of the UK's major supermarkets  also highlighted "the great relationships we have with our suppliers and sourcing networks." Asda has dedicated Ramadan aisles in 150 stores, a 47% increase from last year. A number of other brands across the country are also engaging British Muslim consumers around Ramadan and Eid preparations.

Meanwhile, the local shops have decided to focus on products that their customers are fond of but are not available in the larger supermarkets.


Comments

Popular posts from this blog

Bangladesh Military Expresses Discontent Over Chinese Weapons; Reports 'Sub-Standard' and Faulty Parts

  Bangladesh, a traditional buyer of Chinese military equipment, has raised grievances with Beijing regarding the delivery of defective components and technical malfunctions in its imported military hardware. This issue is not unique to Bangladesh, as other nations like Myanmar have also encountered problems with Chinese fighter jets, according to an ET report. Experts in the Chinese defense industry argue that Beijing lacks the expertise to manufacture highly sophisticated military hardware and is not yet considered a top-tier producer of modern defense equipment. They claim that much of China's weapon systems are based on outdated technology copied from the West. Developing countries often opt for Chinese weapons due to their lower cost compared to similar systems from Western countries. China sells arms through state-run export organizations like the Aviation Industry Corporation of China (AVIC), NORINCO, and CVIC. Sources familiar with the matter told ET that the Bangladesh mil...

India raises concern over North Korea missile tests at UNSC, 2nd time in weeks

 As the United Nations Security Council (UNSC) met for the second time in a month over the missile tests in North Korea, India yet again raised concerns over the impact on peace and security in the region. New Delhi has also reiterated its support for the denuclearisation in the Korean peninsula, underlining that it is “in collective interest” while also stressing that “dialogue and diplomacy” are preferred means to resolve the issue. The latest intercontinental ballistic missile (ICBM) test by the DPRK (Democratic People's Republic of Korea) has again sparked tensions between nations with the United States and its allies calling for the country to limit its programs even as Russia and China back Pyongyang amid the likelihood of new sanctions. In the latest UNSC meeting, the United States, Britain, France, and India were among 14 nations to "strongly condemn" the latest North Korea launch on Friday, which was reported to have landed about 125 miles (200 kilometers) from ...

North Korea Celebrates 'New Era of a Space Power' after Satellite Launch

  In a significant development, North Korea recently celebrated what it termed a 'new era of a space power' following the successful launch of a satellite. The reclusive nation's space endeavors have long been a source of international concern and scrutiny, raising questions about its technological capabilities and intentions. This latest achievement has reignited debates and speculation about North Korea's space ambitions. The satellite launch, conducted by North Korea's space agency, comes amid a backdrop of geopolitical tensions and global attention on the Korean Peninsula. The state media hailed the event as a major milestone, highlighting the successful deployment of the satellite into orbit. However, it is important to note that the international community remains skeptical, with concerns over the dual-use nature of space technology that could potentially be applied to ballistic missile systems. North Korea's pursuit of space capabilities has been a conten...