(Bloomberg) -- UK food price inflation may have passed its peak, with two separate surveys showing an improvement.
The market research firm Kantar said grocery price increases eased to 16.5% in the four weeks through June 11, down from 17.2% the previous month and the lowest reading this year. Lloyds Bank Plc said production costs for UK food and drink makers fell for the first time last month since 2016.
Publisher: BNN
Date: 2023-06-20T03:26:05-04:00
Author: Bloomberg News
Reference: (Read more) Visit Source
Happening on Twitter
The UK inflation data is not a surprise to me. For over a year, I have warned that the forecasts of declining infla… https://t.co/1IcJK2vcdM AdamPosen (from Washington, DC) Wed Jun 21 06:59:39 +0000 2023
No comments:
Post a Comment