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Food prices have fallen on the previous month for the first time in more than two years, bringing grocery inflation down to single digits, according to latest figures.Food inflation decelerated to 9.9% in September, a significant drop from 11.5% in August, according to the British Retail Consortium (BRC)-NielsenIQ Shop Price Index, its lowest point since August last year.The BRC said "fierce" competition between retailers, helped by easing cost pressures, was behind the fall.

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Food prices have fallen on the previous month for the first time in more than two years, bringing grocery inflation down to single digits, according to latest figures.Food inflation decelerated to 9.9% in September, a significant drop from 11.5% in August, according to the British Retail Consortium (BRC)-NielsenIQ Shop Price Index, its lowest point since August last year.The BRC said "fierce" competition between retailers, helped by easing cost pressures, was behind the fall.

β†—https://www.dailymail.com/video/video/video-3029093/Food-prices-fall-previous-month-time-two-years.html
Food prices fall previous month time two years PA Wires
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