# Tesco boss: food inflation has probably peaked but prices will stay high | Tesco | The Guardian

> Tesco's chief executive said food inflation has probably peaked, with milk, bread, cooking oil and some vegetables easing in June. Rice and potatoes still rose, due to weather issues and higher labour and energy costs.

- Date: 2023-06-16 · published 2023-06-16T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/8294-tesco-boss-food-inflation-has-probably-peaked-but-prices-will-stay-high-tesco
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Retailer comments show retail price pressure easing while rice costs remain elevated, which reflects firm grain and rice input prices. The impact on feed markets is indirect.

## Read by commodity

- RICE: bullish ▲

## Sources

- theguardian.com: https://www.theguardian.com/business/2023/jun/16/tesco-boss-food-inflation-has-probably-peaked-but-prices-will-stay-high

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.