Eyewatering rise in food prices might be starting to slow down
manchestereveningnews.co.ukSoaring food prices may have peaked, a survey has suggested. Food inflation fell to 15.4 per cent in the year to May, according to a survey by the British Retail Consortium (BRC) and Nielsen.
It was down from 15.7% in April. But that is still an incredibly high figure, meaning that a person who spent around £20 in a food shop a year ago would now be paying a little over £23 for the same items.
This is an average so the exact number would depend on what they bought. Although May’s figure is a little lower than the food inflation seen in April, it is still the second fastest annual increase the BRC has ever measured, it said. READ MORE: Join the FREE Manchester Evening News WhatsApp community It added that the price of fresh food increased by 17.2% in the year to May, down from 17.8% in April.
However, ambient food inflation – that is to say shelf-stable items that can be stored at room temperature – rose from 12.9% in April to 13.1% in May.
Read more on manchestereveningnews.co.uk
