Episode Details
Back to EpisodesSainsbury’s Boss: No Food Price Hikes Until Summer
Description
Sainsburys CEO Simon Roberts reassures shoppers that food price hikes from Middle East conflict are unlikely until summer, with Easter baskets secure. The supermarket has secured long-term deals with suppliers to protect against commodity cost increases. Food inflation dipped to 3.4% in March but is expected to remain around 3% by year-end. Sainsburys is investing in UK farming, aiming for 60% of fresh produce suppliers to have multi-year contracts by December. The company is also pushing for government changes to support homegrown food production amid global instability.
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