Heinz beans, Quaker oats among price reductions
UK grocery inflation is in the spotlight
Food inflation on downward trajectory

LONDON, Aug 23 Reuters British online supermarket Ocado Retail has cut the prices of another 200 items, in a further sign that UK food price inflation will continue its downward trajectory and relieve some of the pressure on consumers.

The business, a 5050 joint venture between Ocado Group and Marks Spencer, said on Wednesday it was lowering prices by an average of 8.

Grocery prices remain in the spotlight as Britons grapple with a costofliving crisis stretching into its second year.

UK food price inflation reached its highest since 1977 in March at over 19. This official measure slowed to 14.9 in July and, while industry data showed it at 12.7 in August, rising food prices remain a major strain on the finances of many households.

Its recent downward movement is being closely watched by consumers, lawmakers and the Bank of England BoE as its mulls further rises in interest rates.

Examples of Ocado Retail39;s latest round of cuts include a four can pack of Heinz beans reduced to 3.75 pounds 4.79 from 4 pounds, Copella cloudy apple juice reduced to 2 pounds from 2.80 pounds and a pack of Quaker rolled porridge oats reduced to 1.50 pounds from 1.75 pounds.

The joint venture cut the prices of 100 items in June.

While all British supermarkets, including market leader Tesco, have reduced the prices of some products in recent months,…