Food price inflation eases for second month in a row

Decelerated to 14.6% in June

Food price inflation has eased for the second month in a row, as retailers cut the price of many staples including milk, cheese and eggs.

Food inflation decelerated to 14.6% in June, down from 15.4% in May, according to the latest data from the British Retail Consortium, collected in the first week of the month. June's figures are below the three month average rate of 15.2%, and is the second consecutive month of slowing price increases in the food category. Overall shop price annual inflation slowed to 8.4% in June, down from 9% in May. This is below the three month average rate of 8.7%. Fresh food inflation also slowed further in June, to 15.7%, down from 17.2% in May, likewise falling below the three month average...