US Edition
Food inflation rises for fourth consecutive month as steak prices soar
- For the fourth month running in May 2025, food prices in the UK continued to increase, reaching 2.8% higher than the same period last year.
- The rise followed an increase in wholesale beef prices that pushed up costs for steak and fresh foods, which led the inflation increase.
- Retailers are absorbing £5 billion in additional costs from April's employer national insurance and national living wage rises while boosting promotions to offset price pressures.
- Helen Dickinson, chief executive of the BRC, noted that while general retail prices stayed stable in May, the cost of food increased for the fourth month in a row, mainly due to higher prices for fresh produce.
- Persistent food inflation amid weak consumer confidence suggests retailers may need to increase efforts to encourage spending over summer despite broader deflation in non-food items.
32 Articles
32 Articles
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Food Inflation Rises for 4th Consecutive Month
Food inflation rose for the fourth consecutive month in May, with wholesale meat prices increasing the cost of steak on supermarket shelves, latest figures show. Shop prices overall remained in deflation, at 0.1 percent cheaper than a year ago and unchanged from April, according to the British Retail Consortium (BRC)-NIQ Shop Price Index. Non-food deflation dropped further to 1.5 percent against April’s 1.4 percent. However this slowed in catego…
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