Annual rate still at ‘incredibly high’ level of 17.2%, continuing squeeze on shoppers, says Kantar
UK food price inflation remains at the third-highest level since the financial crisis, with the annual rate at which the cost of groceries is increasing at the elevated level of 17.2%, retail industry data shows.
Prices barely eased during the four weeks to 14 May to only marginally below April’s 17.3% figure, according to the latest release from the analytics firm Kantar, representing the third-highest rate of grocery inflation since 2008.
