The inflation rate of Britain’s grocery prices dipped slightly in April, but new data show that consumers are still paying 17.3 percent more than this time last year.
According to new figures from research firm Kantar, grocery inflation fell only slightly from last month’s 17.5 percent.
The firm warned that the drop only means that prices are not increasing as quickly after 10 months of double-digit growth.
Fraser McKevitt, Kantar’s head of retail and consumer insight, said: “The latest drop in grocery price inflation will be welcome news for shoppers, but it’s too early to call the top. We’ve been here before when the rate fell at the end of 2022, only for it to rise again over the first quarter of this year….