The British Retail Consortium said prices in supermarkets and retail chains rose by 8.4% in June compared with the same month last year, down from May's 9.0% annual increase which was the highest rate since the BRC's records began in 2005.
The fall in shop price inflation was the second this year after the BRC reported a slight dip in April. Food prices rose less slowly for a second month in a row but at 14.6% the increase continued to represent a big strain on the households of many families. "If the current situation continues, food inflation should drop to single digits later this year." BRC chief executive Helen Dickinson said.of staples such as milk, cheese and eggs while clothing and electrical goods also saw falling prices, she said.
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