Food price inflation continues to fall

Grocery price inflation has seen its steepest decline since inflation peaked in March this year.

Food prices fell 1.6 percentage points to 14.9 per cent in the four weeks to 9 July 2023, according to Kantar figures. Take-home grocery sales over the same period grew by 10.4 per cent compared with 12 months ago.

“Grocery price inflation has now been falling for four months

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