Bank of England

UK Food Inflation Could Reach Nearly 5% in 2025 – IGD

British shoppers could see food prices could increase by up to 4.9% in 2025 according to the Institute of Grocery Distribution (IGD).

British companies face a challenging 2025 with an increase in employment costs and potential tariffs on exports, the BCC said on Wednesday.

Prices in British shops fell less sharply this month, according to a survey by the British Retail Consortium, released on Tuesday.

Prices in UK shops fell at their fastest pace in more than three years this month, the British Retail Consortium (BRC) said on Tuesday.

Prices in British shops fell at the fastest pace in more than three years in September, the British Retail Consortium (BRC) said on Tuesday.

UK grocery inflation has fallen this month to its lowest level since September 2021, data from market researcher Kantar showed on Tuesday.

British inflation returned to its 2% target on Wednesday for the first time since 2021, but underlying price pressures remained strong.

Prices in UK shops rose at their slowest pace in two and a half years this month according to the British Retail Consortium.

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