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Transcripts for BBCNEWS World Business Report 20240604 05:52:00

is that for the past eight months or so we have seen a deceleration in food price inflation, so food price rises are starting to his life good news for the sector and this year volumes are expected to return to growth. if we look specifically at christmas, provided, get provided much needed respite for supermarkets. i think this supermarkets. i think this supermarkets all had a pretty much bumper christmas and we will hear from tesco, as you said, in about an hour or so, andi said, in about an hour or so, and i think as the largest supermarket chain in the country, they ve done a stellar job of defending market share. they had the budget supermarkets like aldi and lidl nipping at their heels to steal shoppers away and tempt them with lower prices plaything tesco has done a really good job to stem the tide of shoppers, switching to discounters, they ve been investing in lower prices

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Latest figures show that although inflation in Europe’s euro-using countries has slowed, real food inflation remains higher and seemingly undeterred, raising questions about whether unfair profiteering and competition are to blame.

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