UK Food Prices Fall By Most in Almost Five Years, British Retail Consortium Says

UK food bills have dropped at their sharpest rate in almost five years, dragged down partly by the global easing in sugar prices.

The British Retail Consortium said Tuesday that food prices fell 0.4% month-on-month in October, the largest drop since late 2020. The cost of chocolate and confectionery pulled back, “a treat for those preparing Halloween parties,” said BRC chief executive Helen Dickinson.