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UK food price inflation could hit 10% this year – M&S chairman


© Reuters. FILE PHOTO: A plate of traditional fish and chips with a gherkin on a table in a seafront fish and chip shop in Brighton, Britain, December 22, 2015. REUTERS/Russell Boyce

LONDON (Reuters) – Food price inflation in Britain could hit 10% this year, the chairman of upmarket retailer Marks & Spencer, said on Tuesday.

“It wouldn’t be surprising to see food price inflation over the course of the year running towards 8-10%,” Archie Norman told BBC radio.

British grocery inflation hit 5.9% in April, its highest level since December 2011, according to market researcher Kantar.

UK food price inflation of 10% this year wouldn’t be a surprise – M&S chairman

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