London24NEWS

Boost for customers as grocer conflict prompts meals costs to fall quicker

Relief for shoppers: Figures published today showed the cost of groceries fell 0.3% between February and March

Relief for customers: Figures printed right this moment confirmed the price of groceries fell 0.3% between February and March

Food costs fell final month in a lift for households as supermarkets ramped up presents to draw clients.

Figures printed right this moment confirmed the price of groceries fell 0.3 per cent between February and March as retailers tempted customers with Mother’s Day and Easter offers. 

Prices dropped quicker than the 0.1 per cent decline recorded within the earlier month amid a worth conflict between the key grocers. 

And annual meals worth inflation slowed from 5 per cent to three.7 per cent, its lowest price for 2 years, in keeping with evaluation by business group the British Retail Consortium (BRC) and knowledge agency Nielsen.

 Official figures confirmed that meals worth inflation peaked at 19.1 per cent in March final yr – the quickest tempo since 1977 – placing stress on family budgets. 

Total store worth inflation – together with non-food merchandise like electricals and clothes – was on the lowest degree since December 2021.

BRC boss Helen Dickinson stated: ‘While Easter treats were more expensive than in previous years due to high global cocoa and sugar prices, retailers provided cracking deals.’