Food prices have risen 7% in the past year, according to
latest data from the British Retail Consortium.
Its Shop Price Index found food was driving retail
inflation, with prices across the retail sector up 2.5%
on a year ago.
But the figure falls short of The Grocer's findings
which puts annual food inflation at 10%.
?Although their own costs are going up, food retailers
are running high-profile price cuts and promotions,?
said the BRC's director general, Stephen Robertson.
?They are keeping prices to customers down by cutting
costs and increasing sales.?