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NEWS: FOOD PRICES UP 7%, SAYS BRC (Source: The Grocer)  

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.?

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