Experts caution that falling food prices may provide a false sense of security despite recent data.
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Food and drink inflation has seen an unexpected decline, falling to 2.2 per cent in the year to May. This marks a notable decrease from the 3 per cent recorded in the year to April.
Despite these improving figures, specialists are warning against complacency. According to a report by Bakery and Snacks, there are concerns that the true economic impact of the Iran war has not yet been fully felt within the food and drink sectors.
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