Prices for food in the UK are falling, the reason for this

For the first time since February 2017, food prices are beginning to stabilize.

A significant slowdown in the growth of prices for food cannot but please the British families. Stability came along with the gradual cessation of depreciation of the pound, which lasted for a year.

According to the forecast of the BRC-Nielsen decline in prices for goods began in February. Then prices fell by 0.8%, and then to 1%.

Inflation in the food industry significantly declined from 1.6% in February to 0.4% in the previous month.

Prices for fresh products in March rose by only 0.3%, this is significantly less than in March last year.

The cost of non-food products declined in March by 1.9%.

The executive director of the British Retail Consortium, Helen Dickinson, said: "As the depreciation of the pound has ceased, retailers stabilize their prices, but further increases in wages may again affect prices."

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