UK Stores Cut Food Prices For First Time In More Than Two Years
- BRC says dairy, fish and vegetables fall amid keen competition
- Figures show how pressures on household finances are easing
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British shoppers enjoyed the first monthly drop in food prices in more than two years as retailers cut the cost of dairy products, fish and vegetables amid “fierce competition” between stores, a survey found.
The 0.1% fall brought annual food inflation back into single digits and contributed to another slowdown in the pace at which the overall price of basic goods is rising, the British Retail Consortium said Tuesday.