Food price inflation in the UK was 15.4% in the year to May and there has been a suggestion that prices could be fixed to help customers - but Stuart Rose has a slightly different view.
Asda is not a publicly-listed company, so its profits are not reported, but Lord Rose grouped it with its competitors' profits and said:"They've all gone backwards".
Similar sentiments were expressed by Andrew Opie, the director of food and sustainability at the British Retail Consortium.
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