UK Grocery Prices Cool in October After Sharp Inflation Spike

Grocery price inflation in the UK slowed to 11% in October, the lowest rate since July 2021. The price of butter was down 16p compared to a year ago.

Dairy prices have fallen after sharp rises last year. Eggs, sugar confectionery and frozen potatoes still saw the fastest price rises.

Shoppers are buying more groceries on promotion - now 26.5% of items, the highest since June 2021.

Sales of ice cream, burgers and dips rose in late September amid sunny weather, while early Christmas pudding sales fell.

Discount grocers Aldi and Lidl performed strongly, increasing market share to 9.9% and 7.6% respectively.