UK food price inflation rate ‘lowest level in two years’, British Retail Consortium finds

Food price inflation is at its slowest rate since March 2022, according to the BRC. It also found non-food products have gone into deflation.

Food price inflation as shown by shelves stocked full of chocolate (photo by Mike Kemp/In Pictures via Getty Images)
Food price inflation could yet rise again due to geopolitical tensions, the BRC has warned (photo by Mike Kemp/In Pictures via Getty Images)
(Image credit: Getty Images)

Food price inflation has fallen to its lowest level in more than two years, new figures from the British Retail Consortium (BRC) have shown.

The trade body, which represents most major supermarkets and high street chains, recorded a food inflation rate of 3.4% in the first week of April. This was down on the 3.7% year-on-year rate recorded in March, and means inflation in the key category is now at its lowest level since March 2022.

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Henry Sandercock has spent more than eight years as a journalist covering a wide variety of beats. Having studied for an MA in journalism at the University of Kent, he started his career in the garden of England as a reporter for local TV channel KMTV.

Henry then worked at the BBC for three years as a radio producer - mostly on BBC Radio 2 with Jeremy Vine, but also on major BBC Radio 4 programmes like The World at One, PM and Broadcasting House. Switching to print media, he covered fresh foods for respected magazine The Grocer for two years.

After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023. He covered everything from the energy crisis to scams, and inflation. He also has bylines in MoneyWeek.