Supermarket chain Sainsbury’s has reduced the price of some of its butter and bread.
The supermarket is reducing its own branded salted butter from £2.09 to £1.89 for 250g packets from Tuesday.
Wholesale food prices have fallen around the world, but these price falls are only just beginning to be reflected in stores.
Inflation was expected to fall below 10% last month, but rising food prices meant it fell less than expected.
Sainsbury’s said it was able to cut some of its bread and butter prices as wholesale prices began to fall.
“Whenever we pay less for the products we buy from our suppliers, we pass those savings on to customers,” said the UK’s second largest supermarket chain.
It is also cutting the price of its own-brand bread from 85p to 75p.
Food price inflation in March was at its highest level in 45 years.
The war in Ukraine has pushed up food prices around the world, but the UK is also grappling with its own problems, from Brexit bureaucracy to labor shortages.
However, as commodity prices started to fall, supermarkets have started to reduce the prices of some products but not others.
Some of the earliest price declines have been in milk, with Aldi, Lidl and Asda recently following Sainsbury’s and Tesco in reducing the price of milk by at least 5p.
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