Food inflation slowed significantly in March, according to new figures from the British Retail Consortium.
The body said inflation on groceries was down from 4.5% in February to 4% last month.
The figures – which do not take into account promotions and reflect only base prices – come after The Grocer last week revealed the extent to which the price war between Tesco and Asda is shielding shoppers from inflation.
Data for The Grocer supplied by BrandView.co.uk showed that prices at Asda were effectively at the same level as a year ago, due in part to its 10% Price Guarantee. Prices at Tesco were up by 1% against a year ago.
According to the BRC, overall inflation on the high street last month was at 2.4%, down from 2.7% in February.
Inflation locked down by the Asda-Tesco price war (2 April 2011)
Saturday Essay: We must stop exploitation in the supply chain (2 April 2011)