Food inflation surge drives shop prices to fresh highs
The highest levels of food inflation on record drove overall shop prices to fresh highs during the ongoing cost-of-living crisis in March.
Food inflation accelerated to 15% in March, up from 14.5% in February – above the three-month average rate of 14.5% and the highest inflation rate in the category on record, according to the latest BRC-NielsenIQ Shop Price Index.
Fresh food inflation accelerated to 17% in March, up from 16.3% in February.
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