Inflation & Prices
UK Food Price Inflation Shows Signs of Easing in Two Surveys
- Kantar finds lowest rate of increase for consumers this year
- Lloyds says food and drink makers saw drop in prices
British supermarkets are under pressure to curb prices.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
UK food price inflation may have passed its peak, with two separate surveys showing an improvement.
The market research firm Kantar said grocery price increases eased to 16.5% in the four weeks through June 11, down from 17.2% the previous month and the lowest reading this year. Lloyds Bank Plc said production costs for UK food and drink makers fell for the first time last month since 2016.