Tesco UK sales hit by plunging food inflation

Supermarket giant Tesco said today that UK sales growth almost ground to a halt in the last three months as the grocer wrestled with plunging food inflation.

The firm said UK like-for-like sales excluding petrol rose 1.1% in the three months to May 30 – but, adjusting for this year’s higher rate of VAT sales, crawled just 0.1% higher.