Ken Murphy says higher costs of grocery imports because of Brexit are partly to blame for rising prices
The chief executive of Tesco has said food inflation has probably peaked but warns that prices are likely to stay high.
Ken Murphy, the head of the UK’s biggest supermarket chain, said the price of milk, bread, cooking oil and some vegetables such as broccoli had come down this month but inflation continued in other essentials, including rice and potatoes, as aweather issues and locked-in increases in the price of labour and energy continued to bite.
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