Food inflation “strongly accelerated” to 7.0% in July, up from 5.6% in June, according to the BRC-NielsenIQ Shop Price Index.
In addition, fresh food inflation accelerated in July to 8.0%, up from 6.2% in June, and is the highest inflation rate since May 2009.
Ambient Food inflation accelerated to 5.7% in July, up from 4.8% in June, marking the fastest rate of increase since April 2012.
Mike Watkins, Head of Retailer and Business Insight at NielsenIQ, said: “The grocery industry is under intense pressure as retailers try to shield customers from the full impact of inflation. At the same time there has been an increase in competitive intensity so customer retention over the summer holiday season will be key to help stem any further fall in volumes.”
