Coronation boost for wine, cream and pastry sales

Shoppers stocked up on wine, fresh cream and pastry over King Charles’s coronation, with sales of those products soaring, figures suggest.

Research firm Kantar said people “got into the spirit” of the occasion and had a go at making the official Coronation quiche.

It also said food inflation ticked lower in the four weeks to the middle of May, but remains “incredibly high”.

At 17.2%, it is still the third fastest rate Kantar has recorded since 2008.

Inflation is the rate at which prices are rising. A drop in inflation does not mean prices are falling, but just that the rate of price rises is slowing.

Chancellor Jeremy Hunt is meeting food manufacturers on Tuesday to discuss the cost of food and look for ways to ease the pressure on households.

Fraser McKevitt, head of retail and consumer insight at Kantar, said the fall in grocery price inflation was “without doubt welcome news for shoppers but it is still incredibly high”.

Rising food prices are helping to fuel stubbornly high…

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