Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Matt Drake

Tesco boss says early signs food prices starting to ease

EPA

Tesco boss Ken Murphy claims he is “optimistic” that food prices could soon start to fall as Britons continue to struggle against spiralling costs.

The price of food and non-alcoholic drinks rose at the second highest rate in 45 years in the year to April 2023, according to the Office for National Statistics (ONS). Food inflation reached 19.3 per cent in April, which is slightly down from 19.6 per cent in March.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.