According to Kantar Research food price inflation continues to be a significant contributor to total inflation in most major countries. For most, total inflation was below 10% for March 2023. Food price inflations remains challenging.
E.g., in Spain the inflation increased by 9.3% in March 2023, versus January 20323, while the UK saw only a 2.4% increase over the same period.
Only France, Mexico, USA, China and KSA experienced a slowdown in the rate of food price inflation in March 2023 versus January 2023.
Source: IGD Research
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