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Food prices rose by just 0.3% last month ? the lowest
rate in five months ? according to new figures, although
food price inflation for the year to August now stands
at 10%.
New data from the British Retail Consortium found that
the cost of fresh produce has increased by almost 12%,
over the last 12 months, meanwhile.
?For the first time since March the growth rate of food
inflation slowed, offering the prospect that we may be
nearing the peak of food inflation,? said BRC
director-general Stephen Robertson.
The increase comes amid news that general retail prices
increased by 3.8% over the same period ? the highest
rate since the BRC began collating figures in 2006.
?Shop price inflation is likely to continue through the
autumn but we are hopeful that the acceleration in cost
prices that has driven food prices up so sharply is
starting to slow,? said Nielsen analyst Mike Watkins.
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