Food inflation falls to lowest level in a year
Food inflation in the UK has fallen to its lowest level since September 2022, while shop price inflation continues to decelerate.
Food inflation dropped to 11.5% in August, down from 13.4% in July, and is below the three-month average inflation rate of 13.6%, according to the BRC-NielsenIQ Shop Price Index.
Annual shop price inflation declined to 6.9% in August compared with 7.6% the previous month. Shop price growth is at its lowest since October 2022.
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