British grocery inflation eased slightly for the third month in a row in June, industry data showed, providing a modicum of comfort for consumers worn down by a cost of living crisis into its second year
Prime Minister Rishi Sunak's key pledge to halve inflation in 2023 has been undermined by persistently high food inflation.
Any signs that it is abating or could even reverse in the coming months are being closely watched by the“This is the lowest rate of grocery price inflation we’ve seen in 2023, which will be a relief to shoppers and retailers," said Fraser McKevitt, head of retail and consumer insight at Kantar, noting it was still the sixth-highest monthly figure in the past 15 years.
"Price rises are now being compared to the increasing rate of grocery inflation seen last summer, which means that it should continue to fall in the coming months," he said.
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