Food prices down in September

13 October 2008

Consumers facing financial worries due to rising costs of living were offered some relief in September, as the price of food fell.

Figures from the British Retail Consortium and Neilsen, the market research group, showed that food prices were down 0.2% compared with August’s figures, in a promising sign that inflation could be beginning to slow. However, this was offset slightly by a 0.1% rise in prices of non-food items.

The overall shop price inflation figure fell from 3.8% to 3.6% for the year, as average overall shop prices remained unchanged between August and September.

A spokesperson for debt management company Gregory Pennington said: “This will be a relief to the consumers who have been most affected by rising costs of living, including those worried about debt.

“But the statistics do state that year-on-year food price inflation is 9.1%, and this remains a pressure on many people’s finances. We urge anyone struggling with debt at this time to seek expert debt advice as soon as possible.”

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Debt management company Gregory Pennington offer a range of solutions to people in debt, including debt management plans and debt consolidation. If you are worried about debt, contact one of our expert advisers as soon as possible.

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Gregory Pennington are founder members of DEMSA (Debt Managers Standards Association).

DEMSA are the first trade body within the finance industry to successfully secure approval for its code of practice under the OFT Consumer Codes Approval Scheme (CCAS).