Grocery

Food inflation falls to lowest level in a year

By 28 August 2023

Female shopper in supermarket with basket, shown from head down

Food inflation in the UK has fallen to its lowest level since September 2022, while shop price inflation continues to decelerate.

Food inflation dropped to 11.5% in August, down from 13.4% in July, and is below the three-month average inflation rate of 13.6%, according to the BRC-NielsenIQ Shop Price Index.

Annual shop price inflation declined to 6.9% in August compared with 7.6% the previous month. Shop price growth is at its lowest since October 2022.

 

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