Food inflation rises to its highest level in almost a year Retail Food inflation has risen to its highest level in almost a year as cost pressures begin to weigh on prices. Food inflation increased to 2.6 per cent year on year in April, against growth of 2.4 per cent in March and above the three-month average of 2.4 per cent, according to the British Retail Consortium [...]
Lower retail prices drive shops into deflation Retail Prices in UK shops continued to fall in February, as discounting in retail offset high grocery prices. Shop prices fell by 0.7 per cent year on year in February against a decline of 0.7 per cent in January, driven by a 2.1 per cent drop in retail prices. “Discounting is still widespread in fashion as [...]