Fresh food prices in the UK rose 15% in early December compared to the same period last year, according to data compiled by the British Retail Consortium (BRC). This was the largest annual increase since data began to be retained in 2005.
According to BRC data, store prices increased by 7.3 percent in December compared to the same period of the previous year. Prices rose 7.4 percent year on year in November. The decrease in the annual increase in non-food prices from 4.8 percent to 4.4 percent in December was effective in the decline in store inflation.
When fresh and durable food prices are evaluated together in December, food prices increased by 13.3 percent compared to the same period of the previous year. In November, the rate of increase was 12.4%. Durable food prices rose 11.0 percent year on year in December.
BRC data were collected from 1 to 7 December.
foreks.com