UK grocery price inflation eased for a fourth consecutive month in July, according to data published by Kantar ahead of official inflation figures on Wednesday.
The research company found that the annual pace of grocery price inflation eased to 14.9 per cent in the four weeks to July 9, down from 16.5 per cent in the previous month and the steepest decline since its peak in March.
At the current level of inflation, households would have spent £683 more on their annual grocery bill to buy the same items as they did a year previously, though switching to cheaper products has reduced this to £330, according to Kantar.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes. The UK soft tissue market is worth £1.6bn with private label products comprising circa 50%. Accrol is the leading supplier to the private label market, which is growing at over 8% year on year.