Monday 23 May 2016

Food prices falling faster than official figures show

Official CPI figures for the price of food and drink are vastly different from those unearthed by an ONS project which ‘scrapes’ supermarket website price data

The price of food and drink may have fallen faster than official estimates, according to the government body charged with collecting the data.

The Office for National Statistics said the official consumer prices index (CPI) figure for food shows that prices have fallen by 3.3% since June 2014, while alcoholic drinks have dropped by 3%.

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