Falling food costs helped shop price inflation ease to its lowest level in more than two years, figures show.
The British Retail Consortium (BRC), which represents supermarkets, said the rate at which prices were rising had almost halved to 1.3% in March – down from 2.5% in February.
But it said Easter treats remained more expensive than in previous years because of high cocoa and sugar prices.
But it said Easter treats remained more expensive than in previous years because of high cocoa and sugar prices.
Overall, food prices are 3.7% higher than they were a year ago, down from 5% in February, the BRC said.
Inflation on goods other than food fell to 0.2% in March, down from 1.3% a month earlier. Overall price inflation in the UK, the rate at which prices rise, is currently 3.4%, meaning the cost of living is more than 3% 4% more expensive on average compared with last year.
The BRC said retailers had competed “fiercely” on deals, especially in the lead up to Easter.
Prices for dairy products and chocolate were lower in March, while price tags on electrical goods, clothes and shoes also dropped as a result of promotions.
Falling food costs helped shop price inflation ease to its lowest level in more than two years, figures show.
But it said Easter treats remained more expensive than in previous years because of high cocoa and sugar prices.
The British Retail Consortium (BRC), which represents supermarkets, said the rate at which prices were rising had almost halved to 1.3% in March – down from 2.5% in February.
Overall, food prices are 3.7% higher than they were a year ago, down from 5% in February, the BRC said.
But it said Easter treats remained more expensive than in previous years because of high cocoa and sugar prices.
But it said Easter treats remained more expensive than in previous years because of high cocoa and sugar prices.
Overall, food prices are 3.7% higher than they were a year ago, down from 5% in February, the BRC said.
Inflation on goods other than food fell to 0.2% in March, down from 1.3% a month earlier. Overall price inflation in the UK, the rate at which prices rise, is currently 3.4%, meaning the cost of living is more than 3% 4% more expensive on average compared with last year.
The BRC said retailers had competed “fiercely” on deals, especially in the lead up to Easter.
Prices for dairy products and chocolate were lower in March, while price tags on electrical goods, clothes and shoes also dropped as a result of promotions.
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