Grocery inflation eased slightly for the third month in a row in June
Market researcher Kantar said annual grocery inflation was 16.5% in the four weeks to June 11, down from 17.2% from May .
It said prices rose fastest for products such as eggs, cooking sauces and frozen potatoes.
“This is the lowest rate of grocery price inflation we’ve seen in 2023, which will be a relief to shoppers and retailers,” said Fraser McKevitt, head of retail and consumer insight at Kantar, noting it was still the sixth-highest monthly figure in the past 15 years.
The Market researcher found that of consumers’ top five financial worries, rising grocery prices is the only one that they are more concerned about now than at the start of the year.
McKevitt added:
“People are thinking more and more about what they eat and how they cook as the cost of living crisis takes its toll on traditional behaviours. The most prominent change we’ve seen is that people are preparing simpler dishes with fewer ingredients. Our data shows that the public are turning away from their oven and increasingly using microwaves, which reflects the shift to simpler cooking.”
Official data for overall UK inflation in May will be published on Wednesday. It was running at 8.7% in April, with the measure for food and drink at 19.1%.
