UK food inflation may be gone by Easter, claims boss of major retailer
by Sarah Butler and Julia Kollewe from Economics | The Guardian on (#6G6GG)
Upbeat comments by Associated British Foods CEO come as grocery price rises fall to single digits for first time in 18 months
Food inflation could be all but gone by Easter, according to the owner of Kingsmill bread, Twinings tea and Silver Spoon sugar - as long as there are no further shocks to the global system.
George Weston, the chief executive of Associated British Foods (ABF), which also owns the Primark budget clothing chain, said: Food price inflation hit 20% last year and by the back of 2024 I think it will be close to zero.
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