Inflation Trends
The report highlights that overall food prices increased by +3.9% in March 2024 compared to March 2023, with branded products experiencing a higher price increase (+4.0%) compared to private label items (+2.5%).
Retailer Comparison
Among the retailers analyzed, Asda had the highest inflation rate at +8.4%, while Amazon experienced deflation at -10.4%, indicating varying inflation impacts across different retail platforms.
Category-Specific Insights
The report provides detailed insights into price variations across 30 product categories, identifying significant inflation in categories such as Beer (+7.9%) and Deodorants & Fragrances (+7.7%), while categories like Frozen Spices & Herbs and Consumer Tissue experienced slight deflation.