The boss of Tesco has issued an encouraging message after shoppers faced rising food prices.
Ken Murphy, chief executive of the UK's largest grocery chain said there are "encouraging early signs that inflation is starting to ease". He highlighted that customers "continue to face significant cost-of-living pressures" but provided a positive outlook, stating that food inflation may have passed its peak.
It comes after recent official data showed that food inflation reached 19.3 per cent in April, dropping only slightly from March's 19.6 per cent and remaining close to the highest rate in more than 45 years. Meanwhile, the supermarket group reported sales of £14.8 billion for the 13 weeks to May 27, with a like-for-like sales increase of 8.2 per cent against the same period last year.
