Belfast Telegraph

Shop Price Index shows food prices on the rise again

By Staff Reporter

Annual food prices have risen for the second month in a row but intense competition among retailers spelt better news for consumers, figures show.

The BRC-Nielsen Shop Price Index shows food prices rose year-on-year by 0.2%, up from 0.1% in July, after falling every month for the first half of the year.

A fierce supermarket price war has pushed down the cost of groceries. Food deflation reached 0.9% in March and remained there for the following two months, according to the index.

Belfast Telegraph