Tesco chief issues warning over food rip-offs amid fears companies could be using inflation to hide price rises
Food firms could be using inflation as an excuse to raise prices more than necessary, the Tesco chairman claimed yesterday.
John Allan said it was ‘entirely possible’ food makers were putting up prices to take advantage, as costs of items such as milk and cheese hit their highest levels since 1977.
He added Tesco was trying ‘very hard’ to challenge price increases it believed were needless. ‘We have a team who… work out whether or not these cost increases are legitimate,’ he told the BBC.
John Allan said it was ‘entirely possible’ food makers were putting up prices to take advantage
Tesco temporarily…
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