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Investing.com -- British grocery price inflation increased to 4.7% for the four weeks to June 15, reaching its highest level since March last year, according to data released by market researcher Kantar on Tuesday.
This marks an uptick from the 4.1% grocery inflation reported last month, adding pressure on low-income households across the UK.
Kantar identified that the inflation rise was primarily driven by price increases in several key product categories including chocolate, butter, and meat.
While grocery sales in value terms grew by 4.1% year-on-year during the four-week period, helped by favorable warm weather conditions, the actual volume of groceries purchased fell by 0.4% when accounting for inflation.
This represents the first year-on-year decline in grocery volumes in 2024.
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