Grocery price inflation slows again despite warnings of Iran war cost hikes

Shoppers are leaning on promotions to keep costs down (Alamy/PA) -

Grocery price inflation slowed again this month as consumers brace themselves for the fallout from the Middle East crisis to reach food costs.

Supermarket prices were 3.1% higher than a year ago in May, down from April’s 3.8% and March’s 4.3%, figures from Worldpanel by Numerator show.