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Retailers anticipate peaked food prices, but coffee and cocoa drive up costs
date:May 31, 2023
ay to 17.2%, down from 17.8% in April. This is below the three-month average rate of 17.3% and is the second-highest inflation rate in the fresh food category on record.

Fastest rates on record
In contrast, ambient food inflation accelerated to 13.1% in May, up from 12.9% in April. This is above the average rate of 12.8% and is the fastest rate of increase in the ambient food category on record.

Shop Price annual inflation accelerated to 9.0% in May, up slightly from 8.8% in April. This is abo

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