Tesco has revealed a “strong” increase in the amount of groceries bought by British shoppers in the latest quarter as inflationary pressures eased. The UK’s largest supermarket firm revealed total retail sales grew by 3.4 per cent to £15.3bn in the 13 weeks to May 25, compared with the same period last year.
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00:00Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06Here are your headlines for this morning.
00:08Tesco has revealed a strong increase in the amount of groceries bought by shoppers in
00:15the latest quarter as inflationary pressures eased.
00:19The UK's largest supermarket firm revealed total retail sales grew by 3.4% to £15.3
00:27billion in the 13 weeks to May 25th, compared with the same period last year.
00:34This came on the back of a 5% increase in food sales, with high demand for fresh produce
00:39helping to drive higher sales volumes.
00:42It's said that sales of Tesco Finest were particularly strong.
00:46A shopper demand for premium product grew, despite continued pressures on household budgets
00:51from higher mortgage and rental costs.
00:55An update this morning from Tesco which revealed a strong increase in the amount of groceries
01:00bought by UK shoppers.
01:03My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.