UK shop inflation fell to 1.3% in March, lowest in 2+ years, due to supermarket price wars.
UK shop inflation fell to its lowest level in over two years in March, dropping to 1.3% from 2.5% in February. Supermarkets are competing to attract customers with low prices, leading to a decline in inflation that offers a positive sign for potential interest rate cuts. The decline in grocery store inflation has led to a surge in cocoa futures prices, reaching a record high of $10,000 per metric ton.
April 01, 2024
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