Food inflation in the UK has fallen for the first time in almost two years, with experts suggesting that lower energy and commodity costs are driving food prices down.
A report by the British Retail Consortium (BRC) and Nielsen, published on Tuesday, showed a deceleration from 15.7 percent to 15.4 percent in food inflation in the year to May.
This is the same as the three-month average rate of 15.4 percent and is the second highest inflation rate in the food category on record.
In the fresh food category, the research showed an inflation drop from 17.8 percent in April to 17.2 percent in May. May figures are below the three-month average rate of 17.3 percent but also remain the second highest inflation rate in the fresh food category….