UK food inflation eased for a sixth consecutive month in July to 2.2% YoY from 2.4%, helped by World Cup-led promotions in snacks and alcohol, the British Retail Consortium said. Despite higher energy costs linked to Middle East tensions, overall domestic price pressures remained moderate: the shop price index fell to 0.9% YoY, a six-month low, dragged down by summer clothing and footwear clearance, while fresh food prices rose 3.1% YoY (June: 2.8%). Dickinson, chief executive of the British Ret

UK food inflation eased for a sixth consecutive month in July to 2.2% YoY from 2.4%, helped by World Cup-led promotions in snacks and alcohol, the British Retail Consortium said. Despite higher energy costs linked to Middle East tensions, overall domestic price pressures remained moderate: the shop price index fell to 0.9% YoY, a six-month low, dragged down by summer clothing and footwear clearance, while fresh food prices rose 3.1% YoY (June: 2.8%). Dickinson, chief executive of the British Retail Consortium, called July’s reading 'good news for households' but warned that labour costs, a packaging tax, geopolitical conflict and climate disruptions could push prices up in H2.