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UK retailers report first fall in food prices since 2006

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The BRC said a fall in oil prices to a five-year low was likely to lead to further reductions in food prices, and predicted strong Christmas trading as wages started to rise.

London

THE British Retail Consortium said food prices dropped last month for the first time since it started collecting data in December 2006, as a supermarket price war intensified.

The BRC, which represents major retailers, said food prices declined by 0.2 per cent in the year to