Inflation & Prices
UK Grocery Inflation Eases for Seventh Month on Price Cuts Drive
- Drop in food inflation signals gradual easing for shoppers
- Consumers still concerned by burden of expensive food
Supermarkets say they’re cutting prices wherever possible.
Photographer: Justin Tallis/AFP/Getty ImagesThis article is for subscribers only.
Grocery price inflation fell for the seventh consecutive month in the UK while still stuck in double-digits as shoppers struggle with higher living costs.
Annual price growth dropped to 11% in the four weeks to Oct. 1 versus 12.2% a month earlier, according to market research firm Kantar. It’s the lowest level in more than a year, though the figure will still have an impact on consumer spending.