Food price rises at five-month low

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The Independent Online

Food price inflation was at its lowest for five months in February, at 3.5 per cent, but less discounting by non-food chains after January resulted in another jump in overall price rises.

Annual shop price inflation rose by 0.5 of a percentage point to 1.1 per cent last month, which was the lowest figure since September's 1 per cent, according to the British Retail Consortium and Nielsen survey.

Helen Dickinson, the BRC's director general, said: "Food inflation has fallen to a five-month low, a sign that past falls in commodities such as wheat and corn are continuing to filter through."