Rolling coverage of the latest economic and financial news
Tesco predicts that food inflation will stabilise in low single digits for the rest of the year.
CEO Ken Murphy is speaking to reporters now, and explains:
“I see that stabilising, that kind of low single digit for the rest of the year is our planning assumption.”
“Tesco is raking in mountains of cash while families struggle to put food on the table because of sky high prices. Many companies have used the cost-of-living crisis to grab excessive profits.
“There is an epidemic of profiteering in our economy – the government has been missing in action and failed to curb it.”
Continue reading…Rolling coverage of the latest economic and financial newsTesco says grocery inflation has lessened as it plans £500m efficiency savingsTesco predicts that food inflation will stabilise in low single digits for the rest of the year.CEO Ken Murphy is speaking to reporters now, and explains:“I see that stabilising, that kind of low single digit for the rest of the year is our planning assumption.”“Tesco is raking in mountains of cash while families struggle to put food on the table because of sky high prices. Many companies have used the cost-of-living crisis to grab excessive profits.“There is an epidemic of profiteering in our economy – the government has been missing in action and failed to curb it.” Continue reading…
