UK food prices fall in September for first time in two years, figures show
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Food prices dropped in the UK in September for the first month in almost two years, according to retail industry figures, offering consumers some respite amid the cost of living crisis.
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03 Oct 2023
The British Retail Consortium (BRC) said price reductions for dairy, margarine, fish and vegetables and fierce supermarket competition helped to bring down the cost of an average food basket by 0.1% compared with the previous month.
Indicating a peak for soaraway food price inflation, it said this marked the first monthly drop since July 2021. However, the price of many kitchen staples continues to rise, while overall food prices are still 9.9% higher than a year ago.
The BRC said last month’s fall in average food prices helped to bring down overall shop price inflation to 6.2% in September, down from 6.9% in August – the lowest annual rate since September 2022.
It said households buying supermarket own-brand food items would have seen cheaper prices last month compared with the offers available in August, while there were also price cuts for school uniforms
