Food inflation may soon be returning, according to the latest insights from IGD. New inflation data from the Office for National Statistics (ONS) covering October
NielsenIQ
Shop prices fell into deflation for the first time in nearly three years, at 0.3% in August, down from inflation of 0.2% the previous month.
Shop price inflation has returned to “normal levels”, now at 0.6% in May according to the latest figures from the British Retail Consortium. This was
Shop price annual inflation eased to 2.5% in February, down from 2.9% in January – the lowest since March 2022. Food inflation decelerated to 5.0%
Food price inflation slowed to its lowest level this year, with falling prices across key staples such as oils, fats, fish and breakfast cereals. The
Despite rising food inflation and the cost-of-living crisis bursting the spending bubble for many consumers, they still crave that sweet treat and fizzy fix in
Shop price annual inflation accelerated to 8.9% in March, reaching a new high with warnings that food prices will peak in the coming months. The
Food inflation accelerated to 3.3% in March, up from 2.7% in February, marking the highest inflation rate since March 2013, according to the latest data
Despite warnings that supply chain problems and Brexit red-tape are adding additional costs to the sector, food prices fell in June for the third month