COST OF LIVING
Food price inflation falls again — but is still at a near-record high
Grocery inflation in Britain eased slightly for the second month in a row in May but remained close to record highs, industry data shows.
Kantar, the market researcher, said prices eased to 17.2 per cent in the four weeks to May 14, down from 17.3 per cent in April. However, it was still the third fastest rate it has recorded since 2008.
Stubbornly high food and drink prices have added an extra £833 a year to shoppers’ bills, Kantar found, unless consumers make changes to their usual habits to try to cut the cost. It said prices were rising fastest in products such as eggs and ambient, or non-refrigerated, cooking sauces.
Fraser McKevitt, the head of retail and consumer insight at Kantar, said: “The drop