Money Wellness
A woman selects food items from a supermarket fridge while her young daughter looks on from the trolley
category iconcost of living
calendar icon03 May 2023

Supermarket food prices ‘should fall soon’

Food prices hit a record high last month but should start falling soon, according to the British Retail Consortium (BRC).

Figures from the trade body that represents supermarkets in the UK show prices were up 15.7% in April compared to the same month last year.

Chief executive of the BRC Helen Dickinson said we should “start to see food prices come down in the coming months as the cut to wholesale prices and other cost pressures filter through”.

And she pointed out that the cost of things like butter and vegetable oils were already starting to fall.

This comes after a recent survey from the Office for National Statistics found 51% of people were putting less into their supermarket trolleys in a bid to cut costs.

If you’re looking for ways to reduce your spending, why not check out our tips on how to cut the cost of your supermarket shop.

And if you’re finding your income no longer covers your outgoings, you don’t have to manage alone. Get in touch to find out for free how we can help.

We’ve helped more than 1.5 million people in all sorts of situations, and we might be able to help you.      

Avatar of Rebecca Routledge

Rebecca Routledge

A qualified journalist for over 15 years with a background in financial services. Rebecca is Money Wellness’s consumer champion, helping you improve your financial wellbeing by providing information on everything from income maximisation to budgeting and saving tips.

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