Tesco expects volumes to recover this year as inflation abates

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 13 (Reuters) - Tesco said it expected some recovery in the volume of food it sells this year as the rate of inflation abates. "We're expecting inflation to fall throughout the year but we do expect the total year to still be inflationary, albeit at a much lower rate than in the year just gone," Chief Executive Ken Murphy told reporters on Thursday. "We also expect some volume recovery."
(Reporting by James Davey, writing by Paul Sandle; Editing by Kate Holton)

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