Tesco expects inflation to moderate, led by oil and grains

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 13 (Reuters) - Tesco said it expected inflation to continue through the next six months at least, but the level would moderate, led by falling prices in categories including oils and grains. "We're expecting inflation to continue certainly through the first half of the year," Chief Executive Ken Murphy told reporters on Thursday. "But we are expecting it to moderate as we lap last year's inflation."
(Reporting by James Davey, writing by Paul Sandle; Editing by Kate Holton)

Messaging: paul.sandle.thomsonreuters.com@reuters.net))
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