Food inflation decreased in September but CPI remains unchanged

October
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New figures show food inflation slowed down for the first time since March, with the inflation rate reaching 4.5% in September, down from 5.1% in August.

Overall, UK inflation rose to 3.8% in the 12 months to September, unchanged from the month prior, according to the latest data from the Office for National Statistics (ONS).

However, inflation for food and non-alcoholic beverages decreased by 0.2% in September month-over-month compared to a 0.4% increase in the same period last year.

This marks the first time food prices have decreased on a monthly basis since May 2024.


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The price of vegetables, milk, cheese and eggs, bread and cereals, fish and mineral waters, soft drinks and juices experienced a small downturn. While the decrease in food and non-alcoholic beverages was driven by an increase in sales and discounts at a higher level than September 2024.

Pieter Reynders, partner at global management consultants McKinsey & Company, said: “Inflation continues its zigzag path, holding steady at 3.8%, but remains significantly above the 2% target. Core inflation, however, was slightly below last month’s figure at 3.5%, which is a small but welcome step in the right direction.

“Food inflation continues to outstrip overall CPI at 4.5%, though that’s down from 5.1% last month, consumers will still be noticing increased costs in their weekly shop, with transport costs, including motor fuels and airfares, also adding to household strain.”

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Food inflation decreased in September but CPI remains unchanged

October

New figures show food inflation slowed down for the first time since March, with the inflation rate reaching 4.5% in September, down from 5.1% in August.

Overall, UK inflation rose to 3.8% in the 12 months to September, unchanged from the month prior, according to the latest data from the Office for National Statistics (ONS).

However, inflation for food and non-alcoholic beverages decreased by 0.2% in September month-over-month compared to a 0.4% increase in the same period last year.

This marks the first time food prices have decreased on a monthly basis since May 2024.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


The price of vegetables, milk, cheese and eggs, bread and cereals, fish and mineral waters, soft drinks and juices experienced a small downturn. While the decrease in food and non-alcoholic beverages was driven by an increase in sales and discounts at a higher level than September 2024.

Pieter Reynders, partner at global management consultants McKinsey & Company, said: “Inflation continues its zigzag path, holding steady at 3.8%, but remains significantly above the 2% target. Core inflation, however, was slightly below last month’s figure at 3.5%, which is a small but welcome step in the right direction.

“Food inflation continues to outstrip overall CPI at 4.5%, though that’s down from 5.1% last month, consumers will still be noticing increased costs in their weekly shop, with transport costs, including motor fuels and airfares, also adding to household strain.”

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