IGD forecasts gradual decline in food inflation by 2027
IGD has released its latest Viewpoint report, UK Food Inflation Forecasts 2025-2027, warning that retail food inflation is set to peak at 5.1% in late summer 2025.
IGD has released its latest Viewpoint report, UK Food Inflation Forecasts 2025-2027, warning that retail food inflation is set to peak at 5.1% in late summer 2025.
ONS has reported that UK inflation hit 3.6% in the year to June, with prices rising across the cake, bread and cereals categories.
The British Retail Consortium observed an increase in food sales over the month of June, attributing the “strong” sales to a rise in food inflation.
BRC has released food inflation figures for the period of 1st-7th June 2025, finding that food inflation had increased above its three month average.
According to the Office for National Statistics, dairy, eggs and vegetables all had downward effects on food inflation.