Some food prices have fallen – but inflation expected to rise from here The latest figures from the Office for National Statistics show that food prices are rising at their slowest rate in nearly two years.
Prices of staples such as margarine and sugar have even decreased, which may come as a relief to the government. Lower fuel costs, particularly diesel prices, are largely responsible for the drop in inflation.
Diesel prices have fallen for the first time since the start of the war in the Middle East, while supermarket price wars have driven down prices as retailers try to lure customers with summer deals.