Supermarket food prices ‘should fall soon’

Food prices hit a record high last month but should start falling soon, according to the British Retail Consortium (BRC).

Figures from the trade body that represents supermarkets in the UK show prices were up 15.7% in April compared to the same month last year.

Chief executive of the BRC Helen Dickinson said we should “start to see food prices come down in the coming months as the cut to wholesale prices and other cost pressures filter through”.

And she pointed out that the cost of things like butter and vegetable oils were already starting to fall.

This comes after a recent survey from the Office for National Statistics found 51% of people were putting less into their supermarket trolleys in a bid to cut costs.

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