
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.