30 Apr 2024 --- The British Retail Consortium (BRC) has revealed that UK food inflation is beginning to normalize and is likely to continue slowing if global food prices and domestic producer costs remain stable. However, geopolitical upheavals will continue to threaten future price stability. The lead trade association for UK retail reports that food inflation decelerated to 3.4% in April, down from 3.7% in March. This level is below the three-month average rate of 3.9% and the 12th consecutive deceleration in the food category. Food inflation is at its lowest since March 2022.
