As inflation continues to push up grocery bills, British supermarket chain Tesco has warned that some food producers may be taking advantage of the situation.
British supermarket chain Tesco has warned that some food producers may be taking advantage of inflationary pressures, raising prices more than necessary.
As inflation continues to push up grocery bills, supermarket chain Tesco has warned that some food producers may be taking advantage of the situation by raising prices more than necessary. Tesco has created a team to monitor food input costs against price rises and is challenging companies it believes are lifting prices disproportionately, Allen said.
In its latest Supermarket Inflation Tracker, Which? found that branded items had a lower inflation rate than that of supermarkets' own label items. In the three months to December 2022, the prices of stores' own label items rose 18.3% year-on-year, compared to a 12.3% year-on-year hike for branded items.
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