UK grocery price inflation eased to 2.1% in the four weeks to August 9, down from 2.6% a month earlier. The reading, published by market researcher Worldpanel by Numerator, marks the second straight monthly slowdown in food costs.
British grocery price inflation fell to 2.1% in the four weeks ending August 9, according to data released Tuesday by market researcher Worldpanel by Numerator. The figure is down from 2.6% recorded in the previous month's report and 3.0% in the month before that, extending the slowdown to a second consecutive month. The Worldpanel data provides the most current snapshot of UK consumer behavior and offers an early indication of food inflation pressures in August.
Source: Economic Indicators News (snippet-based)
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