Relief for shoppers: Figures published today showed the cost of groceries fell 0.3% between February and March
Food prices fell last month in a boost for households as supermarkets ramped up offers to attract customers.
Figures published today showed the cost of groceries fell 0.3 per cent between February and March as retailers tempted shoppers with Mother’s Day and Easter deals.
Prices dropped faster than the 0.1 per cent decline recorded in the previous month amid a price war between the major grocers.
And annual food price inflation slowed from 5 per cent to 3.7 per cent, its lowest rate for two years, according to analysis by industry group the British Retail Consortium (BRC) and data firm Nielsen.
Official figures showed that food price inflation peaked at 19.1 per cent in March last year – the fastest pace since 1977 – putting pressure on household budgets.
Total shop price inflation – including non-food products like electricals and clothing – was at the lowest level since December 2021.
BRC boss Helen Dickinson said: ‘While Easter treats were more expensive than in previous years due to high global cocoa and sugar prices, retailers provided cracking deals.’
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