In February, UK retailers reported a slowdown in the pace of sales decline, with a notable drop in inflation to its lowest in nearly three years, the Confederation of British Industry (CBI) says. Concurrently, food inflation in the UK has reached a near two-year low, BRC data shows, influenced by decreasing energy and fertiliser costs, alongside intense competition among retailers. This easing of food inflation is reflected in the latest figures, indicating a significant reduction in the cost of groceries, with British grocery price inflation reported at 5.3% by Kantar, the lowest rate since March 2022. This marks the lowest rate since May 2022, attributed to increased supermarket promotions following a post-Christmas period. The overall inflation in UK stores has similarly decelerated to the lowest level since March 2022, signaling further respite for households across the nation, towards a 'two-year low'.
🛒 Shop price inflation has fallen to its lowest level in almost two years as supermarkets offer cheaper meat, fish and fruit in the battle for customers https://t.co/AhGPqblCoS
British grocery price inflation slows to 5.3%, Kantar says https://t.co/1r7x1EqVnF https://t.co/Uj7DDh3Nnd
Food and fashion push retail inflation towards 'two-year low' https://t.co/Zv2X8MZMcF
Inflation in UK shops falls to its lowest level in nearly 2 years https://t.co/3sajN2ufvG via @MarcDDavies https://t.co/wKNXL6n5kH
British Grocery Price Inflation Slows To 5.3%, Kantar Says - SI https://t.co/CbkHuA6mjX
⚠️ BRITISH GROCERY PRICE INFLATION SLOWS TO 5.3%, KANTAR SAYS (Reuters) British grocery prices rose this month at their lowest rate since March 2022, as supermarket promotions picked up after a post-Christmas slowdown, industry data showed on Tuesday. Market researcher Kantar… https://t.co/UL6oDdjTAq
Inflation in UK stores slowed to the lowest level since March 2022, signaling further respite for households https://t.co/lNK7dUAm4c
Food inflation has slowed to its lowest rate since May 2022 amid easing energy and fertiliser costs and fierce competition among retailers, figures show. https://t.co/A4yJr2nQIp.
UK food inflation near 2-year low, BRC data shows https://t.co/gNaFxTZw2Q
⚠️ UK RETAILERS REPORT SALES SLUMP EASED IN FEBRUARY, CBI SAYS (Reuters) The pace of a sales decline for British retailers eased in February and a measure of inflation dropped to its weakest in nearly three years, according to industry figures which echoed official data… https://t.co/dz4DA1UJWg