Food inflation in the UK reached 15.7 percent in April, the highest on record, but business experts say food prices should begin to fall in the coming months.
According to the latest BRC-NielsenIQ shop price index, food inflation rose to 15.7 percent last month from 15 percent in March.
The inflation was even higher for fresh foods, prices of which increased by a record 17.8 percent year-on-year for the month.
But Helen Dickinson, chief executive of the British Retail Consortium (BRC), said on Tuesday that food prices should begin to fall in the coming months as retailers pass on their cost savings.
The logos of the UK’s leading supermarkets Lidl, Asda, Sainsbury’s, Waitrose, Tesco, Aldi, and Morrisons, are displayed outside various branches in Bristol, England, on Nov. 18, 2015. (Matt Cardy/Getty Images)
It comes at a time when the overall retail inflation has begun slowing down….