Food worth inflation nears two-year low | EUROtoday

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Food costs dipped 0.1% month-on-month in February, the BRC mentioned, noting drops in sure contemporary meals objects.

Non-food inflation remained unchanged at 1.3% in February, with the value of products similar to furnishings, electronics and well being and sweetness merchandise rising however clothes persevering with to fall with retailers maintaining promotions operating.

“There was good news for consumers as shop price inflation fell to its lowest rate in nearly two years,” Helen Dickinson, chief govt of the BRC, mentioned.

“Easing supply chain pressures have begun to feed through to food prices, but significant uncertainties remain as geopolitical tensions rise.

“Prices of non-food items might be extra vulnerable to transport prices, which have risen because of the re-routing of imports across the Cape of Good Hope.”