Tesco Boss Sees ‘Early Signs’ Food Inflation Starting to Ease

A customer shops for food items inside a Tesco supermarket store in east London, on Jan. 10, 2022. Daniel Leal/AFP via Getty Images

There are “encouraging early signs that inflation is starting to ease,” Tesco’s boss has said as the retail giant reported higher sales for the past quarter.

Ken Murphy, chief executive of the UK’s largest grocery chain, suggested that rampant food inflation could have passed its peak, though he stressed that customers continue to face cost-of-living pressures.