UK inflation fell again last month, but food prices have proved more persistent, and eggs in particular.
However, poultrymeat prices have remained more competitive relative to food in general.
After stalling at around 6.7% during the summer, the headline general inflation rate (the CPI) dropped again last month to 4.6% for the year to October, according to figures released this week from the Office of National Statistics (ONS).
Food inflation is falling as well, but remains at double the rate of the CPI (the consumer prices index, excluding housing).
The latest grocery inflation figures from Kantar show a fall to 9.7% in the four weeks to 29 October, compared with the same period a year ago.
This marked a fall from 11% year-on-year grocery inflation in September.
Compared with this, inflation in egg prices is still much higher. According to the ONS, year-on-year inflation in retail egg prices stood at 16% in October.
Although the inflation rate for eggs has been falling in step with other groceries, it was from a much higher level.
In April this year, retail egg price inflation peaked at a staggering 38%, according to ONS. At the time, general food price inflation was half that, at around 19%.
In contrast, inflation in retail poultrymeat prices was only 6.6% in October, compared with the 9.7% figure for groceries overall.
Since March, poultrymeat inflation has fallen faster than food in general, when at 19% it was at a similar level.
Kantar described the latest fall in food inflation below 10% as a watershed.
“Grocery price inflation has finally dropped into single digits after 16 months of double-digit growth, marking a big milestone for the British public and retailers.”
The ONS emphasises that after two years of inflation, food prices are still very high.
“The price of food in October was around 30% higher than in October 2021,” says ONS.