The latest results of food inflation are anticipated to further challenge the resilience of consumer confidence as the average price of food and non-alcoholic beverages saw the sharpest increase in 45 years.
In April, the price of fresh food increased by a record 17.8% year over year, while ambient products, such tinned foods and other store cupboard items, witnessed a 12.9% increase in price.
The most significant increase in food and non-alcoholic beverage prices has been occurring in the UK for more than 45 years at the time of the most recent statistics.
According to the latest BRC-NielsenIQ shop price index, shop prices went up 8.8% last month compared to the same period in the previous year.
This figure was slightly down from 8.9% in March and followed spring discounting at fashion and furniture stores.
It came as non-food stores recorded inflation of 5.5% for the month, slipping from 5.9% in March as shops reduced prices in a bid to attract customers.
Helen Dickinson, chief executive of the British Retail Consortium, said: “Overall shop price inflation eased slightly in April due to heavy spring discounting in clothing, footwear and furniture.
Source: news.sky.com