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Supermarkets' Price War Gifts UK Consumers With Lower Food Prices

December 3, 2014: 12:00 AM EST
Food prices are falling in the UK, due to an ongoing supermarket price war, providing British consumers a reason to smile as the 2014 holiday season starts. For the first time in eight years, food prices are declining as supermarkets compete for shoppers' money. Data from the British Retail Consortium revealed overall food costs dropped 0.2 percent in November 2014 compared with the same month in the previous year.
Szu Ping Chan, "Supermarket price war triggers first food price fall in eight years", The Telegraph, December 03, 2014, © Telegraph Media Group Limited
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