'Lethal' food inflation warning from Tesco boss as cost of living jumps to near two-year high

'Lethal' food inflation warning from Tesco boss as cost of living jumps to near two-year high
 

Soaring food prices will hammer millions of hard-up households, Tesco ’s UK boss warned today.
Matt Davies claimed a return to rising grocery bills would be “highly toxic” for shoppers and a bad for business.
He told a conference: “Everyone should be very clear how damaging inflation is to the economy, to retail businesses, to manufacturers and how lethal it can be to millions of people who are struggling to live from week to week.”
He claimed the chain would do “everything we can to make sure inflation in food is kept to a minimum.”
It comes a week after a r ow erupted between Tesco and... read more

 
19 October 2016 in World News, Views: 46
Source: Daily Record
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