UK food price inflation at third-highest level since 2008
by Joanna Partridge from Economics | The Guardian on (#6BVMG)
Jeremy Hunt to meet food manufacturers over prices as Kantar says rate is still incredibly high'
UK food price inflation remains at its third-highest level since the financial crisis, with the annual rate at which the cost of groceries is increasing at the elevated level of 17.2%, retail industry data shows.
Prices barely eased during the four weeks to 14 May to only marginally below April's 17.3% figure, according to the latest release from the analytics firm Kantar, representing the third-highest rate of grocery inflation since 2008.
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