Food prices drop due to ‘fierce competition between retailers’

Grocery-supermarket-trolley-shopper-basket

Both food inflation and shop price inflation have seen a continued drop and are at their lowest levels since August 2022 and September 2022 respectively.

Food inflation declined to 9.9% in September, down from 11.5% in August, and is the fifth consecutive deceleration in the food category, according to the BRC-NielsenIQ Shop Price Index.

 

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