Sainsbury's, the UK's second-largest supermarket chain, has announced that food inflation is on the decline, thanks to an uptick in sales during bank holidays and warmer weather. Despite the challenges posed by rising food and drink prices, the company says itsobserved a return of sales volumes, with customers purchasing more items.
The latest figures from the Office for National Statistics (ONS) reveal that food inflation slightly eased in May but remained stubbornly high at 18.4 per cent.
According to Sainsbury's CEO, Simon Roberts, the chain has managed to keep its own prices at "less than half the headline rate" of food inflation.
