Inflation
Food inflation to fall next year, predict Kerry Group and Lidl chiefs
Food industry bosses say costs are tumbling throughout the global food supply chain with food inflation to be down to between 2 and 3 per cent next year
Food inflation is set to tumble next year, according to the head of Kerry Group and the chief executive of Lidl Ireland.
John Paul Scally, who has been at the helm of Lidl since 2015, said he expects food inflation to be between 2 and 3 per cent in 2024.
This would be a significant decline on the latest figures from Kantar research, which found grocery inflation was 10.5 per cent in the 12 weeks ...
