The UK’s second-largest supermarket chain says prices of its top 100 selling products are now lower than in March with reductions on essentials luciemheath explains what we know about when food inflation is going to ease ⬇️
He added: “”Sainsbury’s has joined the loyalty card wars in order to bolster its market share against discounters and other supermarkets. Our experts predict that the competition among loyalty card systems will only intensify, with many retailers following the example set by Tesco’s Clubcard.”
He added that the “competititve environment continues to heat up “with Aldi, Lidl and Amazon all looking to expand in UK grocery”, meaning supermarket “profits will likely go nowhere this year”.show food inflation is easing slightly, coming down from 19.1 per cent in April to 18.4 per cent in May. In theory, food inflation should be easing as the cost of other supply chain factors, such as energy, have reduced.
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Food inflation is starting to fall, says Sainsbury's bossSainsbury's CEO said price rises are now stalling, with prices on the retailer's 100 most popular products falling over the latest quarter. While he said food inflation is starting to fall, latest official figures showed the rate of food inflation remained at a stubbornly high 18.3%.
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