Market researcher Kantar said grocery inflation in the four weeks to Nov. 27 was 14.6%, down 0.1 percentage points from October’s record high, marking the first fall in 21 months.
“Grocery inflation still has a long way to come down though, and based on the current rate, shoppers will have to spend an extra 60 pounds ($73) in December to buy the same items as last year,” Fraser McKevitt, Kantar’s head of retail and consumer insight said.
The cost of a traditional Christmas dinner for four has hit 31 pounds, up 9.3% year-on-year, McKevitt said.
Prices are rising fastest in markets such as milk, dog food and butter, said Kantar.
Shared from Reuters
