Grocery price rises slow as own-label trade down continues
Grocery inflation in the UK slowed to the lowest levels seen since 2021, though households are continuing to trade down to cheaper, own-label products after over two years of rising prices.
Grocery sales rose 2.9% over the four weeks to May 12, while inflation fell for the 15th month in a row to 2.4% – the lowest level since October 2021 – according to the latest figures from Kantar.
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