Grocery price inflation has dropped to 14.9%, still painfully high, as supermarkets push loyalty card promotions
Full story: UK grocery price inflation eases as shoppers turn to loyalty cards
Ocado CEO Tim Steiner has also told reporters that we are definitely over the worst on UK food inflation, speaking after its results this morning.
Ocado’s CEO has declined to comment about speculation of a takeover by Amazon that sent its shares soaring last month.
“Speculation is speculation, I have nothing to say.”
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