Tesco lifts food sales despite rising UK inflation

London: Britain’s largest retailer, supermarket group Tesco, reported on Friday rising sales during its first quarter as it looks to turn a corner after an accounting scandal.
Sales in Britain and abroad grew by a combined 3.6 per cent during three months to late May, Tesco said in a trading update.
The corresponding performance for the UK alone advanced by 1.6 per cent.
“In tough market conditions, we have stayed true to our commitment to helping customers — working closely with our supplier partners to keep prices low,” Tesco Chief Executive Dave Lewis said in the statement.
“Customers have responded by doing more of their shopping with us and as a result we continue to grow volumes, particularly in fresh food,” he added. British inflation soared close to a four-year high in May, official data showed this week, as a Brexit-fuelled slump in the pound pushed up import costs.
The Consumer Price Index inflation rate leapt last month to 2.9 per cent, boosted by the rising cost of energy, food and recreational
goods. — AFP