Britain’s Tesco cuts price of milk for first time since 2020
Britain’s biggest supermarket group Tesco (TSCO.L) has cut the price of milk for the first time since May 2020, a possible early sign that a surge in food inflation may abate in the coming months. In March, grocery inflation rose to a record 17.5%, according to market researcher Kantar, with prices rising fastest for products such as milk, cheese…