Blog: Food inflation eases as stores boost offers
Michelle Russell | 4 August 2011
UK shop-price growth slowed in the last month as food inflation eased and retailers offered discounts to attract shoppers, according to the British Retail Consortium (BRC).
Food inflation slowed to 5.2% in July from 5.7% a month earlier, while retail prices rose by 2.8% from a year earlier after advancing 2.9% in June, the BRC and Nielsen revealed yesterday (3 August).
BRC director general Stephen Robertson said the fall in overall shop price inflation came almost entirely from food.
"Good crops of seasonal fresh fruit and vegetables boosting supplies and cheaper animal feed easing the pressure on meat prices were the prime reasons food inflation fell, offering some respite to squeezed household budgets.," he said.
The fall will no doubt bring welcome relief to UK shoppers, who are seeing their finances continually squeezed. But there is also no doubt that shoppers will continue looking for savings to help pay for increases in other household bills.
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