Retailer Tesco says Britain has passed peak inflation

Customers shop for food items inside a Tesco supermarket in east London. — AFP

LONDON: Tesco, Britain's biggest retailer, said on Friday there were "encouraging early signs" that inflation was starting to ease across the market as it reported a 9% rise in underlying UK sales in its latest quarter.

"We do believe that we're past the peak inflation," CEO Ken Murphy told reporters.