Food Inflation Shows Little Sign of Respite for UK Shoppers
- Rate of grocery price inflation eased slightly to 17.2% in May
- Data company Kantar says price rises still ‘incredibly high’
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK.
Photographer: Dominic Lipinski/BloombergThis article is for subscribers only.
Grocery price inflation in the UK edged lower for a second month — but shoppers will have barely noticed.
The rate dipped to 17.2% in the four weeks to May 14, down from 17.3% the prior month and a peak of 17.5% before that, according to market research group Kantar. The latest level is still the third-fastest rate of food inflation Kantar has seen since 2008 and could add £833 ($1,035) to the average family’s grocery shopping.