Tesco chief issues warning amid fears companies are using inflation to hide ... trends now
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Food firms could be using inflation as an excuse to raise prices more than necessary, the Tesco chairman claimed yesterday.
John Allan said it was ‘entirely possible’ food makers were putting up prices to take advantage, as costs of items such as milk and cheese hit their highest levels since 1977.
He added Tesco was trying ‘very hard’ to challenge price increases it believed were needless. ‘We have a team who... work out whether or not these cost increases are legitimate,’ he told the BBC.
John Allan said it was ‘entirely possible’ food makers were putting up prices to take advantage
Tesco temporarily removed Heinz beans and ketchup from its shelves last summer following a row over pricing
He said Tesco’s buying teams were dealing with the problem ‘every day of the week’ – although
