Grocery price inflation in the UK continues to ease, even as some analysts warn that costs related to potential conflict involving Iran could later push prices higher. Data from Worldpanel by Numerator shows that supermarket prices rise 3.1% year-on-year in May. This is a slowdown from April, when grocery prices were 3.8% higher than a year earlier, and from March, when inflation stood at 4.3%. The figures indicate a step-by-step moderation in the rate of price growth across the period covered by the data. At the same time, reporting highlights that businesses and commentators are watching for prospective cost increases tied to geopolitical risks, including the costs that may affect supply chains, energy, and shipping. Together, the sources present a picture of cooling grocery inflation in the latest month reported, but with uncertainty about whether future increases could arise from external disruptions. Overall, May’s data shows the current inflation rate remains positive, but lower than in the preceding months.
UK grocery price inflation slows to 3.1% in May, data shows
Grocery price inflation in the UK continues to ease, even as some analysts warn that costs related to potential conflict involving Iran could later push prices higher. Data from Worldpanel by Numerato...
- UK grocery price inflation is 3.1% year-on-year in May, according to Worldpanel by Numerator.
- May’s rate is lower than April’s 3.8% year-on-year increase.
- May’s rate is also below March’s 4.3% year-on-year increase.
- Sources note warnings that potential costs linked to an Iran-related conflict could later affect prices.
Supermarket prices were 3.1% higher than a year ago in May, down from April’s 3.8% and March’s 4.3%, figures from Worldpanel by Numerator show.
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