British grocery inflation eased to its lowest rate for 15 months heading into October, industry data showed on Tuesday, providing more relief for shoppers hurt by high prices and for the government whose key economic pledge is to bring inflation down.
Market researcher Kantar said annual grocery inflation was 11% in the four weeks to Oct. 1, down from 12.2% in its“Grocery price inflation is still very high, but shoppers will be relieved to see the rate continuing to fall," Tom Steel, Kantar's strategic insight director, said.
"For the first time since last year, the prices of some staple foods are now dropping and that’s helping to bring down the wider inflation rate." All of the country's major supermarket groups have cut the prices of essential products in recent months.it had reduced the prices on 2,500 products in its first half and predicted food inflation would continue to fall in the second., sugar confectionery and frozen potato products.
by the British Retail Consortium and Barclays showed consumers held off on much of their nonessential spending last month as rising prices for motor fuel compounded the broader hit from the high cost of living.Reporting by James Davey in London Editing by Matthew Lewis
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