UK grocery inflation falls, but cost-of-living crisis

Rolling coverage of the latest economic and financial news

Retail analyst Nick Bubb says:

Well, grocery price inflation is not what it used to be, but it’s still a surprise to see Kantar report that the supermarket sector saw only 1.0% sales growth in the latest 4 week period…

We’re not yet reaching for those typical summertime products and are making some purchases you wouldn’t expect in June.

Consumers bought nearly 25% fewer suncare items this month compared with last year, while prepared salads dipped by 11%. On the other hand, warming fresh soup sales jumped by almost 24%.