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New IGD forecast – food price inflation to ease off, slowly

Date : 07 June 2023

James Walton

Chief Economist

IGD has issued a new UK food price inflation forecast covering 2023 and 2024. Food price inflation is believed to have peaked at +19.1% YOY in Q1 2023, which is broadly in-line with IGD’s previous forecasts. Inflation is now expected to fall slowly as 2023 progresses, ending the year at +8%…
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