Food price inflation slows Wed, 5th August 2009 Food price inflation slowsWednesday August 5th 2009
Food prices rose at their lowest level for more than 18 months. The BRC statistics showed that food inflation stood at 3.8 per cent in July from the 5.6 per cent increase in June. Fresh food prices fell from a record high of 11.9 per cent last August to 3.1 per cent in July. Stephen Robertson, BRC director general said: "Food inflation is now the lowest it has been for more than a year and a half. This was helped by the dramatic fall in the price of some commodities. Corn prices have nearly halved over the past year and the cost of animal feed, which was one of the main factors driving up fresh food inflation last year has also fallen by a third compared to a year ago."
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