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Inflation held regular final month as meals costs fell for the primary time in two-and-a-half years, official figures have proven.
A slowing of inflation amongst many on a regular basis food and drinks objects, together with cheese and rice, has helped offset an acceleration in inflation for power costs to maintain the general price unchanged.
There have been sharp slowdowns within the common worth of espresso, which rose by simply 0.8% within the 12 months to January 2024 in contrast with a bounce of 11.9% within the 12 months to December 2023; for sauces and herbs (up by 11.5% in January in contrast with 18.4% in December); frozen vegetables (up 11.5% in contrast with 16.2%); and mineral water (up 10.7% in contrast with 14.2%).
Other merchandise have seen a extra modest slowdown, together with cheese (up 2.5% within the 12 months to January, in contrast with 5.1% within the 12 months to December), margarine and different vegetable fat (up 0.2% in contrast with 2.2%), rice (up 6.4% in contrast with 7.9%), and tea (up 10.6% in contrast with 11.3%).
However, inflation remains to be accelerating for a small variety of groceries.
(PA)
The common worth of pasta and couscous was up 10.8% within the 12 months to January in contrast with an increase of 6.6% within the 12 months to December, whereas fruit and vegetable juices have been up 12.2% in contrast with 10.4%, in accordance with Consumer Prices Index (CPI) information revealed by the Office for National Statistics (ONS).
Two meals staples have additionally seen inflation quicken: eggs, up 7.2% in January in contrast with an increase of 6.8% in December, and yoghurt, up 9.9% in contrast with 8.6%.
Examples of how the CPI inflation price for food and drinks objects has both slowed or accelerated
Two figures are listed for every merchandise: the common rise in worth within the 12 months to December 2023, adopted by the common rise in worth within the 12 months to January.
– Examples the place inflation has slowed:
Coffee: Dec up 11.9%, Jan up 0.8%
Olive oil: Dec 45.8%, Jan 38.2%
Sauces, condiments and culinary herbs: Dec 18.4%, Jan 11.5%
Frozen greens aside from potatoes: Dec 16.2%, Jan 11.5%
Mineral or spring waters: Dec 14.2%, Jan 10.7%
Sugar: Dec 21.3%, Jan 18.0%
Cheese and curd: Dec 5.1%, Jan 2.5%
Potatoes: Dec 9.6%, Jan 7.1%
Fresh or chilled fish: Dec 7.2%, Jan 5.2%
Margarine and different vegetable fat: Dec 2.2%, Jan 0.2%
Edible ices and ice cream: Dec 10.8%, Jan 9.2%
Rice: Dec 7.9%, Jan 6.4%
Fresh or chilled greens aside from potatoes: Dec 10.7%, Jan 9.4%
Pizza and quiche: Dec 5.1%, Jan 4.0%
Crisps: Dec 11.8%, Jan 10.8%
Ready-made meals: Dec 6.0%, Jan 5.2%
Tea: Dec 11.3%, Jan 10.6%
Meat: Dec 7.2%, Jan 6.6%
Fresh or chilled fruit: Dec 6.7%, Jan 6.6%
Bread: Dec 2.2%, Jan 2.1%
– Examples the place inflation has accelerated:
Pasta and couscous: Dec up 6.6%, Jan up 10.8%
Cocoa and powdered chocolate: Dec 22.2%, Jan 25.1%
Fruit and vegetable juices: Dec 10.4%, Jan 12.2%
Yoghurt: Dec 8.6%, Jan 9.9%
Eggs: Dec 6.8%, Jan 7.2%
Dried greens: Dec 5.1%, Jan 5.4%
Preserved fruit: Dec 2.7%, Jan 3.0%
Dried fruit and nuts: Dec 10.3%, Jan 10.6%
Chocolate: Dec 9.8%, Jan 10.0%
Meanwhile, a handful of merchandise are persevering with to file destructive inflation – in different phrases, costs are falling 12 months on 12 months.
The common worth of complete milk was down 10.0% 12 months on 12 months in January, a barely smaller fall than the drop of 11.0% in December.
Similarly the common price of butter fell by 7.8% 12 months on 12 months, a smaller drop than the 8.4% lower in December.
Low-fat milk was down 6.1% within the 12 months to January, the identical as within the 12 months to December, whereas jams, marmalades and honey have been down 1.1%, a barely steeper fall than the drop of 0.9% recorded in December.
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