Supermarket prices 'to rise by 5%'

Supermarket prices 'to rise by 5%'
 

Prices in the UK's supermarkets will rise by at least 5% over the next six months, according to the former boss of Sainsbury's.
Justin King thinks that, after years of the cost of the weekly shop barely moving, we should expect to see inflation return.
Mr King told Newsnight that the fall in the value of the pound would cause "a profound change" for supermarkets.
He ran Sainsbury's for a decade until stepping down in 2014.
In that time, the company's revenue grew almost constantly, but prices rose much more slowly. In recent years, food prices have even had spells of deflation.
Mr... read more

 
23 November 2016 in Business, Views: 46
Source: BBC
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