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By Laura McGuire Shop price inflation or the rate at which these goods increase has slowed to 2.5 per cent in February, marking the lowest level recorded in close to two years. British Retail Consortium’s (BRC) latest reading showed food inflation also slowed to 5.0 per cent this month, down from 6.1 per cent in January and is the lowest since May 2022. Rising costs of fruits, vegetables and other fresh food grew to 3.4 per cent down from 4.9 per cent the prior month. Inflation in this category is the lowest since February 2022. This month’s decline does not mean food prices are decreasing, ju…

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