Asda will buy 350 petrol stations and over 1,000 food-to-go locations from EG Group, creating a £10bn entity; BRC data shows shop prices rose 9% in May
Food inflation in the UK fell in May, lifting hopes that the rapid increase in grocery prices may have reached its peak after keeping the broader consumer prices index painfully high so far this year, my colleague Phillip Inman writes.
After more than a year of sharp increases in the price of food, the British Retail Consortium (BRC) said annual food inflation eased this month from 15.7% to 15.4%, even as the overall rise in shop prices hit a fresh high.
