Food inflation reaches lowest level in last 12 months
New data from the BRC has revealed that food inflation decelerated to 11.5 percent in August 2023 and is at it lowest since September 2022.
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New data from the BRC has revealed that food inflation decelerated to 11.5 percent in August 2023 and is at it lowest since September 2022.
According to latest research, when healthy buying incentives are removed from food products, consumers choose price over health when shopping.
Clive Black of Shore Capital examines the way retailers in the UK are adapting to a changed consumer-landscape, as the cost-of-living crisis continues to bite.
The BRC has forecasted an “increasingly bleak” winter with food inflation increasing to 12.4 percent in November.
October 2022 marks an all-time high for food inflation in the UK, increasing to 11.6 percent and affecting basic products such as milk.