UK food price inflation falls at record pace

UK supermarket inflation slowed down at the fastest rate ever recorded in December, according to data firm Kantar.
Annual grocery price inflation in December eased from 9.1 per cent to 6.7 per cent compared with the previous month, making December's figure the sharpest monthly slowdown ever recorded, reports Yahoo Finance.
Prices for sweets, eggs, frozen potato products are still rising the fastest, but the cost of butter, milk and cream all fell.
The average household spent £28 more on groceries across the month than in December 2022, with families spending an all-time high of £477 on groceries over Christmas.
Britons made 488 million trips to the supermarkets over the four weeks to December 24, some 12 million more than the year before - and sent a record £13.7bn through the tills.
December 22nd was the most popular shopping day, when just over 25 million trips were made and consumers spent £803m in physical stores.
The discount chains Aldi and Lidl hit their highest ever market shares for the festive period while Britain's two biggest supermarkets, Tesco and Sainsbury's, were also among Christmas winners.
Supermarkets saw especially strong performances for their own-label lines, with sales of premium ranges like Sainsbury's Taste the Difference and Tesco Finest surging by 11.9 per cent compared with last year to hit £790m, accounting for 5.7 per cent of all grocery sales.