🛒 A £20 food shop a year ago equates to a little over £23 on average for the same items today ⬇️ AlannahFrancis1 explains why
Meanwhile, grain and sunflower oil exports have been hampered by the war in Ukraine. The country is the world’s largest
and the sixth-largest exporter of wheat. The cost to produce and transport produce has also risen since Europe was forced to wean itself off Russian gas, with costs being passed down to consumers.: “Rising inflation is a significant concern for both consumers and retailers. The war in Ukraine is putting further pressure on global supply, particularly for animal feed, leading to higher prices for many dairy items.
Ms Dickinson said: “The slow in inflation was largely driven by lower energy and commodity costs starting to filter through to lower prices of some staples including butter, milk, fruit and fish.”Inflation measures the level of cost increases, so a fall in the inflation rate means prices are increasing at a lower pace, but it does not equate to a drop in the cost of food.
The decrease in food inflation has also not been universal – ambient food inflation, which relates to shelf-stable items that can be stored at room temperature, rose from 12.9 per cent in April to 13.1 per cent in May.
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