You are here: Home - Saving & Banking - News -

Food price inflation falls to lowest ever levels

Written by:
Food price inflation, at 0.6 per cent, is the lowest ever recorded according to the British Retail Consortium.

Overall shop prices deflated by 1.8 per cent in June, the deepest level of deflation since records began in 2006. Non-food deflation accelerated to 3.4 per cent in June from 2.8 per cent in May. This figure is also the lowest recorded.

According to Helen Dickinson, British Retail Consortium director general, fierce competition amongst grocers has driven prices down. With a stable commodity market and a strong pound, she said inflation is set to remain low in the medium term.

Dickinson said: “While the economic recovery continues to gather pace it was not all good news as household disposable incomes remain under pressure. Interestingly, while wage rises remain lacklustre throughout the economy the squeeze on disposable incomes is not coming from retail but other areas of the economy, such as leisure and recreational activities.”

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
FTSE 100: This morning’s risers and fallers

UK stocks fell for a third straight day on Wednesday as investors continued to show caution after the recent rally,...