Food inflation steady but labour costs push up input prices
According to the British Retail Consortium, food inflation remained unchanged on the year as prices were driven up by non-food inflation.
Food inflation rises to 5.1%
The Office for National Statistics has published the latest consumer price inflation rates, finding that the 12-month inflation rate for food had risen.
Sugar prices rise by 56% on the year
The Food and Drink Federation has updated its food and drink inflation forecast, predicting that it could hit 5.7% by December.
Asda warns that “high inflation will put pressure on purchasing power”
According to Asda’s latest income tracker, middle-income families have experienced the first decline in disposable income since September 2023.
Food shop prices pushed up due to tight global supplies
According to the British Retail Consortium, overall shop prices were up as food inflation was on the rise over the 1st – 7th July period.
