date:Oct 23, 2012
id in a note: We remain firmly of the opinion that inflation in the category will build through the fourth quarter, potentially to the mid to high single-digit level, if not serious pressure will be being applied to already constrained industry margins.
Meat inflation was up 0.7% to 2.3%, the ONS said. Milk, cheese and eggs saw -0.5% deflation in September (from -1.5% in August). Vegetables were up 1.1% to 2.8%. Fruit inflation was down 3.3% to 0.7%.
Meanwhile, sugar, jam, syrups, chocolate an