Recent food cost inflation is “past its peak”, said Mr Kipling cakes firm Premier Foods, which is consequently not planning any more price hikes for its products for the rest of the year.
The group – which supplies retailers with a raft of household favourites including Super Noodles, Oxo cubes and Bisto – said its trading profits for the full year were set to be at the top end of market expectations after it pushed through price rises in recent months to offset “significant” cost inflation.
