Food Inflation Drops to Lowest Rate Since December 2021: BRC

Food inflation has reached its lowest level since December 2021, aided by easing costs for key products such as butter and coffee, the British Retail Consortium (BRC) reported on Tuesday.

Data in the shop price index by the BRC and the retailer and business insight company NielsenIQ recorded a drop from 3.2 percent in May to 2.5 percent in June.

Consumers saw food prices ease to an average rate of 3 percent in a 14th consecutive deceleration and lowest inflation in the food category since December 2021.

The cost of both fresh and ambient foods went down below the three-month average rate and was at a record low in June.

In the fresh food category, inflation slowed to 1.5 percent, which is lower than the three-month average of 1.9 percent and the lowest rate since November 2021.

Read Full Article Here

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox


Have a tip? Let us know!

Recent Articles

...
Supreme Court keeps hold on Trump’s restrictions on birthright citizenship but sets May arguments

The Supreme Court is keeping a hold on President Donald Trump’s restrictions on birthright citizenship but will hear arguments on the issue in May

...
Trump puts Italy’s Meloni in high-pressure role as bridge to EU on tariffs

“America first” met “Italy and Italians first” on Thursday at the White House, with tariffs atop the agenda as President Donald Trump huddled with Italian Prime Minister Giorgia Meloni — suddenly a key European leader who could help close the trans-Atlantic trade chasm.

...
Ex-NYPD officer sentenced to 18 months after conviction for helping China stalk an expat

Michael McMahon was convicted in 2023 of contributing to a transcontinental pressure campaign; the tactics ranged from Facebook messages to a threatening note on the man’s door

  • by:
  • Source: NY Post
  • 04/17/2025
...
Puerto Rico hit with massive island-wide blackout ahead of Easter weekend

An island-wide blackout hit Puerto Rico on Wednesday as the largely Catholic residents of the U.S. territory prepared to celebrate the Easter weekend, officials said.