13.3% food inflation rate in December, highest on record

  • Food inflation hits record high of 13.3% in December
  • Highest inflation rate in fresh food category on record at 15.0%
  • Ambient Food inflation accelerates to 11.0%
  • Shop Price annual inflation decelerates to 7.3%
  • Non-Food inflation decelerates to 4.4%
  • Inflation remains near record highs for both categories

Food inflation has reached a new high of 13.3% in December, the highest since records began, according to BRC and Nielsen data. Fresh food inflation rose to 15.0%, while ambient food inflation increased by 11.0%. Shop price annual inflation slowed to 7.3%, but remains above average at 7.1%. Non-food inflation decreased to 4.4%. Helen Dickinson, BRC CEO, said the cold snap and war in Ukraine contributed to higher prices of essentials, while Mike Watkins from NielsenIQ warned that consumer demand may weaken in Q1 due to energy price increases and Christmas spending.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about inflation rates in various categories of products, citing sources (BRC and Nielsen) and includes expert opinions from industry professionals. It does not contain digressions or irrelevant details, nor does it present personal perspectives as universally accepted truths.
Noise Level: 3
Noise Justification: The article provides relevant information about inflation rates and its impact on consumers, with quotes from experts in the field. It does not contain irrelevant or misleading information, but it could benefit from more analysis of long-term trends or possibilities.
Financial Relevance: Yes
Financial Markets Impacted: Inflation rates in various food categories impacting consumer spending and retail demand
Financial Rating Justification: The article discusses inflation rates for different food categories, which can affect consumer behavior and spending habits, thus impacting the financial markets through changes in consumer demand and purchasing patterns.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text, but the article discusses high inflation rates for various categories of goods.

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