Cost of food and non-alcoholic beverages in the UK rose 1.7% year-on-year in May 2024, the least since October 2021, compared to 2.9% in April. Food inflation eased for the 14th straight month, after reaching a 45-year high in March 2023. Prices eased mostly for bread and cereals, vegetables, and sugar, jam, syrups, chocolate and confectionery. source: Office for National Statistics
Cost of food in the United Kingdom increased 1.70 percent in May of 2024 over the same month in the previous year. Food Inflation in the United Kingdom averaged 2.98 percent from 1989 until 2024, reaching an all time high of 19.10 percent in March of 2023 and a record low of -3.30 percent in February of 2015. This page provides the latest reported value for - United Kingdom Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Food Inflation - values, historical data and charts - was last updated on June of 2024.
Cost of food in the United Kingdom increased 1.70 percent in May of 2024 over the same month in the previous year. Food Inflation in the United Kingdom is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Food Inflation is projected to trend around 2.00 percent in 2025, according to our econometric models.