Supermarket prices fell in the past month according to The Grocer’s latest Price Index.
Following last month’s surge of 0.48%, the latest prices for a 100-item basket are down 0.4%. Prices have fallen a steady 3% since their peak in June this year, and are currently 0.3% lower than in November 2004.
The previous Index reported on how the Morrisons’ price harmonisation at Safeway was deflationary. With the conversion process now in its final stage, Safeway has been removed from the index as from this month.