Prices charged by UK food and drink manufacturers fell at the fastest rate in more than three years in September, according to the latest Lloyds Bank UK Sector Tracker.
In September, the food and drink manufacturing sector posted a reading of 48.8 on the Tracker’s measure of output charges, down from 50.5 in August and the lowest reading since February 2020 (46.0), raising the prospect that food prices paid by consumers could fall significantly in the coming months. A reading above 50.0 indicates an…
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