Food inflation slows in March

Thursday, 07 April 2011 11:00

The rate of food price inflation slowed in March, according to figures from the British Retail Consortium (BRC) and Nielsen.

In the Nielsen Shop Price Index, the headline figure for goods of all kinds dropped from 2.7 per cent to 2.4 per cent.

Non-food contributed only modestly to this decline, falling to inflation of 1.5 per cent from February's 1.6 per cent rate.

Edibles fell by a greater degree, with March's inflation rate for food standing at four per cent - a half-percentage-point drop over the previous month.

Stephen Robertson, director general of the BRC, says: "Food was actually cheaper in March than February.

"It's a clear demonstration of competition in the retail sector keeping costs down for shoppers."

Official government figures for inflation on the Consumer Prices Index and Retail Prices Index are due to be published on April 12th by the Office for National Statistics and could shed further light on how prices in the nation's supermarkets are changing.

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