Prices Dashboard - December 2023

17 January 2024

The Prices Dashboard tracks prices of UK food and non-alcoholic drink, as well as prices of agricultural commodities, energy, transportation and packaging.



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The next scheduled update is on 14 February 2024.

Lowest food inflation since April 2022

January was the tenth month of food and non-alcoholic drink inflation cooling. Year-on-year prices rose by 7.0%, down from 8.0% in December, the lowest rate since April 2022. On a monthly basis, prices fell by 0.4%.

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FDF response to the latest ONS food and drink inflation figures

It’s encouraging to see a decline in food and drink inflation to 7.0 per cent in January. Any reduction is important to households struggling to afford higher food bills.

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