Grocery inflation hits ‘lowest level this year’ but still at 16.5%
Grocery price inflation has fallen to its lowest level this year, but is still at the sixth-highest monthly figure recorded since 2008.
Food price inflation for the four weeks to June 11, 2023 was at 16.5%, according to the most recent Kantar grocery market data. Head of retail and consumer insight Fraser McKevitt said: “Prices rising at 16.5% isn’t something to celebrate and it’s still the sixth-highest monthly figure in the past 15 years.
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