Britain's Grocery Inflation Falls For First Time In 21 Months –Kantar

• British grocery inflation edged lower in November, the first decline in nearly two years, but remained near record highs, providing little relief for consumers ahead of the key Christmas trading period, industry data showed on Tuesday, Dec. 6.
• Market researcher Kantar said grocery inflation in the four weeks to Nov. 27 was 14.6%, down 0.1 percentage points from October's record high, marking the first fall in 21 months.
• "Grocery inflation still has a long way to come down though, and based on the current rate, shoppers will have to spend an extra 60 pounds ($73) in December to buy the same items as last year," Fraser McKevitt, Kantar's head of retail and consumer insight said.
• Prices are rising fastest in markets such as milk, dog food and butter, said Kantar. It highlighted more evidence of the coping strategies shoppers are adopting to mitigate rising costs, with own-label sales now up 11.7% year-on-year and sales of the cheapest value own-label lines up 46.3%.

(Source: Reuters)