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UK Food Prices Drop 0.4%, Prompting Budget Review

10/28/2025

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Summary

Story summary

The United Kingdom saw a 0.4% fall in food bills in October, the largest in nearly five years, driven by lower global sugar prices.
The British Retail Consortium (BRC) reported overall shop prices fell 0.3% month-on-month, while food costs rose 3.7% year-on-year.
Chancellor Rachel Reeves plans to address price pressures in her upcoming budget.
The Bank of England is monitoring food prices closely, as uncertainty remains about future trends.

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Story summary

The United Kingdom saw a 0.4% fall in food bills in October, the largest in nearly five years, driven by lower global sugar prices.
The British Retail Consortium (BRC) reported overall shop prices fell 0.3% month-on-month, while food costs rose 3.7% year-on-year.
Chancellor Rachel Reeves plans to address price pressures in her upcoming budget.
The Bank of England is monitoring food prices closely, as uncertainty remains about future trends.