Cost of living: Food inflation slows in May - but still rises 15.4% year-on-year

Research by the British Retail Consortium (BRC) and Nielsen shows a 15.4% rise in food inflation in the year to May.

It is the second-fastest annual increase that the BRC - the trade organisation for UK retailers - has ever measured.The group's chief executive, Helen Dickinson, said there was reason to believe food inflation"might be peaking".That rose from 8.8% to a record 9% between April and May, the BRC said.

"While overall shop price inflation rose slightly in May, households will welcome food inflation beginning to fall," Ms Dickinson said.

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