Food inflation growing despite fourth monthly fall in wholesale electricity 

April figures show core inflation remains sticky despite sharp decreases in wholesale electricity - down more than 40% since last year

Fruit and vegetables have risen by just under 18% annually, with fish, grain and starches also exhibiting the largest wholesale price increases in the last twelve months.

Wholesale electricity prices have continued on a sharp decline for a fourth consecutive month, falling by 13.5% since March and by more than 42% on an annual basis, with core inflation still contributing heavily to rising prices.

Despite hefty falls in electricity since its initial surge last year, clothing, building materials and construction products all continue to rise on an annual basis, with the foods, beverage and tobacco index also up by 1.1% since April, 2022.