Cost Of Living Crisis
Food prices to keep rising despite slowdown in inflation
Producers were absorbing costs but are now passing them on to retailers and, ultimately, customers
While other aspects of inflation may cool in the coming months, with overall eurozone inflation falling to an estimated 6.9 per cent in March, grocery prices are not expected to reduce any time soon, experts have warned.
Food inflation here hit a record high of 16.4 per cent in the three months to the middle of February, according to figures from Kantar, the data and consulting company.
Malachy O’Connor, a partner at IPLC, a European grocery industry consulting firm, told the Business Post that it is unlikely that there will be an fall in food prices in the near future.
