Tesco last week cut the price of milk for the first time since May 2020. Will UK inflation now decisively start to fall?
Read the full article on the MSN website
NAM Implications:
- Meanwhile, the pressures remain…
- i.e. ‘too many companies are now “locked in” to contracts that they were “forced” to sign when wholesale prices were sky-high’
- This ain’t over yet…
- i.e. just because we are ‘becoming accustomed’ to high inflation…
- …doesn’t mean that conditions will revert to pre-Lockdown levels, ever.
- Welcome to the New Norm…
