Despite food inflation easing, shop prices are still rising. Supermarket senior executives are being quizzed by MPs over eye-watering food inflation - with chains under increasing pressure to hand down savings they are seeing on wholesale items to consumers.
Bosses at four of the UK’s biggest supermarket chains – Tesco, Sainsbury’s, Asda and Morrisons – are appearing in front of the Business and Trade Committee on Tuesday to discuss food price inflation and why prices are still rising when commodity and wholesale costs are dropping.
Data from the BRC-NielsenIQ Shop Price Index suggests retailers are beginning to pass on lower wholesale costs, according to the PA news agency. But with prices still high, how can you slash the costs of your weekly food shop?
