Tesco boss: Food prices will rise by 5% in spring
Daily Express|February 07, 2022
THE price of a weekly shop is set to soar by five per cent, warned the boss of Britain’s biggest supermarket chain.
Paul Jeeves
Tesco boss: Food prices will rise by 5% in spring

Tesco chairman John Allan said that despite inflation rocketing, food prices at his stores grew by just one per cent in the last quarter.

But he predicted that would increase rapidly in the coming months as rising fuel costs hit the sector.

The mushrooming food bills will heap further pressure on ministers, who are already battling to contain surging energy prices while the huge increase in National Insurance contributions will hit wages from April.

Last year the Daily Express revealed how a supermarket price war at Christmas would keep prices artificially low but would result in across-the-board price increases heading into Easter.

This story is from the February 07, 2022 edition of Daily Express.

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This story is from the February 07, 2022 edition of Daily Express.

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