Tesco profits soar in FY results as inflation eases

According to Tesco, whilst the impact of inflation was still evident across all markets, this reduced gradually across the year as many global commodity prices fell

Tesco has seen pre-tax profits soar by 159.5% to £2.3bn in its full-year results, up from £882m the prior year, as shoppers began to spend more when price inflation “lessened substantially”.

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