Supermarkets promise food prices have ‘peaked’
// Supermarkets insist food prices have peaked and will start to fall over the coming months
// The UK’s biggest supermarkets spoke to the Treasury on Thursday after the Bank of England rose interest rates to 4.5%Supermarkets have promised ministers that food prices have peaked and will begin to fall in the next few months.
The crisis call with the Treasury came after Bank of England governor Andrew Bailey criticised high food prices for driving inflation.
On Thursday, the Bank raised
Read more »