The UK's largest supermarket says there are 'encouraging' indications that price rises are slowing.
Earlier this week, the governor of the Bank of England, who is trying to reduce inflation to its target of 2%, said inflation was taking "a lot longer than expected" to come down.
Tesco's Mr Murphy said he believed the Bank of England had been unfair in blaming supermarkets for inflation remaining at a high level.Mr Murphy said the retailer had "led the way" in cutting prices on staple goods such as milk, pasta and cooking oil. "What's important here is the purchasing power of the family," he added. "That's really where we should be focused on improving people's purchasing power so that they can continue to feed their families and live a decent life."three to nine-month lag to see price falls reflected in shops.
Charles Allen, a retail analyst at Bloomberg Intelligence, told the BBC's Today programme that inflation was a "huge factor" in Tesco's latest figures.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Tesco sees 'encouraging early signs' that grocery inflation is starting to easeTesco has reported 'encouraging early signs' that grocery inflation is starting to ease while revealing a leap in sales.
Consulte Mais informação »
Tesco boss: Early signs that food inflation is starting to easeThe boss of Tesco has said there are “encouraging early signs that inflation is starting to ease” after shoppers faced soaring food prices.
Consulte Mais informação »
Tesco chief hails ‘encouraging’ signs that inflationary pressures are easing\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Consulte Mais informação »
What Northampton's ex-Woolworths will become as decision madeThe unit has previously been used for a Woolworths and a Tesco Metro
Consulte Mais informação »
All the Tesco Clubcard changes and how to redeem your pointsTESCO has made major changes to its Clubcard scheme – and you’ll want to take a note. The UK’s biggest supermarket has shaken up its loyalty card offering, including reducing the …
Consulte Mais informação »
Tesco: Students accused of scamming NI stores with TikTok ClubcardThe pair are alleged to have used a cloned Clubcard app to scam Northern Ireland Tesco stores.
Consulte Mais informação »