LONDON, Oct 3 (Reuters Breakingviews) - British shoppers enjoyed a novel experience last month: lower food prices.
Admittedly, the fall in the average food basket between August and September was just 0.1%, according to the British Retail Consortium.
But it was the first monthly fall in food prices since July 2021 and brought down overall retail inflation to 6.2%, the lowest in a year.
That’s good for consumers, especially those who like dairy products, margarine, fish and vegetables – the items that caused the overall fall.
They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons:
Helen Dickinson, Francesco Guerrera, Aimee Donnellan, Oliver Taslic
Organizations:
Reuters, British Retail Consortium, Bank of, Grocers, X, Temasek, Thomson
Locations:
Bank of England