Supermarket sales grew by 3.9 per cent in three months, with ice cream, alcohol and own-brand goods flying off the shelves ReutersA year after the Brexit vote and the fall in the pound, Britain’s food price inflation has started to stabilise. The latest grocery market share figures from Kantar Worldpanel show that like-for-like inflation now stands at 3.2 per cent, the same rate of increase as last month. Prices have been rising since the end of last year following a period of price deflation which ran for 30 consecutive periods from September 2014 to December 2016. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: “Robust market growth this year has been boosted by higher grocery inflation but consumers will be pleased to hear that price rises are no longer accelerating. One year on from the EU referendum — which had a marked impact…

Source: The Times July 25, 2017 10:52 UTC