Chairman warns of food price inflation at 5% | Tesco

The chairman of Britain’s biggest supermarket chain has warned that “the worst is yet to come” on food price inflation, as he predicted it will soon hit 5%.

John Allan, who has chaired Tesco since 2015, told the BBC’s Sunday Morning programme that he was well aware people on very tight budgets were having to choose between food and heating. He said the idea that this was happening was…

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News Source: https://www.theguardian.com/business/2022/feb/06/tesco-chair-warns-food-price-inflation-of-5-is-just-around-the-corner

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