Food inflation s recent downward trajectory is being closely watched by consumers, the Bank of England as it considers the direction of interest rates, and lawmakers, given Prime Minister Rishi Sunak s promise to halve overall inflation this year ahead of a probable national election in 2024. Market researcher Kantar said annual grocery inflation was 9.1% in the four weeks to Nov. 26, down from 9.7% in last month s report.
Almost half of Canadians are increasingly focusing on price instead of nutritional value when they go to the grocery store as food inflation remains sticky, new polling shows.