
BRC finds food inflation up as shop prices deflate
According to the BRC, food inflation has risen to 2.3% in September due to “poor harvests in key producing regions”.
According to the BRC, food inflation has risen to 2.3% in September due to “poor harvests in key producing regions”.
BRC has found that shop price inflation has fallen into deflation for the first time in nearly three years.
IGD has released a Viewpoint report, ‘New Government, new direction?’, predicting the ‘levelling off’ of food inflation in 2025.
The British Retail Consortium has revealed that food inflation rates are at their “lowest levels” since 2021.
UK supermarket Tesco has released its preliminary results for the 2023/24 year, reporting that inflation pressures had “lessened substantially”.