Food prices set to come back down soon, supermarket chiefs promise

Retail bosses under pressure as food inflation proves more ‘sticky’ than expected

Supermarket bosses are said to have told Rishi Sunak’s government that food price inflation has already peaked and costs to the consumer will start to fall in the coming months.

It comes after the Bank of England food price pressures had proved more “sticky” than expected as UK inflation remains “stubbornly high”.

Top supermarkets assured chief secretary to the Treasury John Glen and other officials that food inflation was “past the peak” and that prices would come down soon, The Times reported.