Breakfast prices soar, food inflation rises again to 2.1 per cent

Rise in the prices of breakfast items combined with climbing global coffee cost pushed the food inflation in February to 2.1 per cent against 1.6 per cent in January, shows recent data as prices are expected to rise higher in the coming months, touching up to 4 per cent. According to shop price inflation data released by British Retail Consortium (BRC) today (4), shop price inflation was unchanged at -0.7 per cent year on year in February, against a decline of -0.7 per cent in January. Non-Food inflation decreased to -2.1% year on year in February, against a decline of -1.8 per cent in January. This is above the 3-month average of -2.1 per cent. Food inflation increased to 2.1 per cent year on year in February, against growth of 1.6 per cent in January. This is above the 3-month average of 1.8 per cent. Fresh Food inflation increased to 1.5 per cent year on year in February, against growth of 0.9 per cent in January. This is above the 3-month average of 1.2 per cent.