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Food price rises 'slowing down' | Food price rises 'slowing down' |
(about 1 hour later) | |
Food price rises have started to slow after climbing steeply earlier this year, a survey for the BBC has shown. | Food price rises have started to slow after climbing steeply earlier this year, a survey for the BBC has shown. |
Prices rose 9% in the nine months to September, but slowed between August and September to increase just 0.6%. | Prices rose 9% in the nine months to September, but slowed between August and September to increase just 0.6%. |
Some prices have now begun to fall - such as meat and fish and fruit and vegetables. | Some prices have now begun to fall - such as meat and fish and fruit and vegetables. |
However the research group Verdict, which carried out the survey for the BBC, said the prices of some household foods were still rising strongly. | However the research group Verdict, which carried out the survey for the BBC, said the prices of some household foods were still rising strongly. |
'Good harvest' | 'Good harvest' |
Neil Saunders of Verdict said the fact that price rises were not as sharp as they had been was down to several factors. | Neil Saunders of Verdict said the fact that price rises were not as sharp as they had been was down to several factors. |
"There has been a good global harvest this year which has brought down the price of wheat," he said. | |
Many food retailers have been reacting to the trend of consumers switching to cheaper products, by introducing their own discounted brands. | Many food retailers have been reacting to the trend of consumers switching to cheaper products, by introducing their own discounted brands. |
The survey showed that in the year to September, fresh fruit and vegetable prices rose 7.9%, but between August and September they fell by 5.9%. | The survey showed that in the year to September, fresh fruit and vegetable prices rose 7.9%, but between August and September they fell by 5.9%. |
Meat and fish prices also rose 18.1% in the year to September, but fell 3.9% between August and September. | Meat and fish prices also rose 18.1% in the year to September, but fell 3.9% between August and September. |
However overall there are not likely to be major price falls, because there are still problems with global food supplies, the study said. | However overall there are not likely to be major price falls, because there are still problems with global food supplies, the study said. |
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