Food prices rise at slowest rate in nearly two years

Core point

Food prices in the UK are rising at their slowest rate in nearly two years, with staples like margarine and sugar seeing price drops. The overall inflation rate in the UK has decreased to 2.6% as of June, influenced by lower food and fuel prices. Analysts caution that this decline may be temporary due to expected increases in energy prices. The British Retail Consortium attributes the lower food inflation to intense competition among supermarkets.