Food prices rise
May 05 2010
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Shop price inflation hit its highest level since January as petrol costs climb.
Food inflation climbed to 2 per cent in April from 1.2 per cent in March, according to the British Retail Consortium (BRC).
Stephen Robertson, director general at the BRC, says: ‘With commodity prices, including oil and cocoa going up, food prices were almost bound to rise when compared with last month's three-year low. Even so, food inflation is a quarter of what it was this time last year while some produce - milk, cheese and eggs - is actually cheaper than 2009.
‘But the main effects of rising costs and the weak pound have now been felt. With demand still weak, shop prices should be more stable in future months, as long as there are no more big shocks.’
The BRC finds that non-food inflation also increased from 1.3 per cent in March to 2 per cent in April.
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