Slowing Down, But Not Stopping: The Fragile Respite in Food Prices Food prices have risen at their slowest rate in nearly two years, bringing a measure of relief to consumers and retailers.
Supermarket price wars and lower fuel costs have driven down prices for staples like margarine and sugar. The UK's inflation rate has fallen to 2. 6% in the year to June, from 2.
8% in May, largely due to lower fuel and food prices. Sugar, chocolate, and confectionery have experienced the largest drop in price.