15 Aug 2024 --- UK food and non-alcoholic beverage inflation remained steady at 1.5% in July, the same as the previous month and the joint lowest annual rate since October 2021, according to official figures. However, products like olive oil, cocoa and powdered chocolate still recorded big price increases. The annual rate is down from 14.9% in July last year and the high of 19.2% in March 2023, the highest annual rate in over 45 years.
