UK grocery inflation slows again as staple food prices drop for first time in a year

Lowest level since July 2022

clock • 1 min read

The prices of some staple foods have dropped for the first time since last year, according to data by Kantar, helping to ease the overall rate of grocery price increases.

Food price growth slowed again in the four weeks to 1 October, marking the seventh consecutive month of easing, and taking food inflation to the lowest rate since July 2022. Grocery price inflation during the period was still double digits at 11%, and take-home grocery sales rose by 9.1% compared with last year. But prices have started to drop in some areas. UK retail sales growth stunted by higher cost of living Dairy, for example, was one of the categories where costs shot up last autumn, but the average price paid for a 250g pack of butter is now 16p less than 12 months ago. ...

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