Grocery inflation rate eases but may not have peaked yet, industry data suggests

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Grocery inflation rate eases but may not have peaked yet

It is too early to say whether a slight easing in grocery inflation means the cost of food shopping has reached its peak, according to a closely watched report.

Its information was eagerly awaited after official data last week showed the UK's headline rate of inflation, the consumer prices index, remaining stubbornly above 10% during March.Kantar's latest measure of grocery inflation, which takes in a wider selection of supermarket-bought products, covered the four weeks to 16 April.

Sales growth for such lines was measured at 13.5% over the last period, while sales of the cheapest goods in these ranges were up 46% on a year ago., Kantar reported a record-setting Easter with 38 million chocolate eggs and treats bought in the week running up to Easter Sunday.'Large rise in food inflation' says Hunt"People didn't hold back on other favourites either; the number of hot cross bun packs sold nudged up by 5% while 3.

"We've been here before when the rate fell at the end of 2022, only for it to rise again over the first quarter of this year.

 

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