Rolling coverage of the latest economic and financial news on the first trading day of 2024
The rate of food price inflation fell to an 18-month low in December, but retail bosses have warned that there is a risk that the rate could rise again this year.
Grocery price inflation fell from 7.7% in November to 6.7% last month, the lowest level since June 2022, helped by falls in the price of wine, port and sherry before Christmas.
