Jobye Lynette

Grocery Price Predictions 2024 Uk. Although food inflation has slowed, food prices still remain high, and this continues to have a significant impact of people struggling across the uk. In 2024, we expect macroeconomic uncertainty to persist, but at the same time, our research indicates the first small signs of recovery.

Falling food inflation is at risk of reversing in 2024 as new eu border checks could impose additional costs on uk businesses, industry bosses have warned. Uk food and drink inflation will be between 0.3 per cent to 2.3 per cent by the end of 2024, the institute of grocery distribution (igd) estimated in its latest report.