Feb 6, 2022
Worst to come for food price rises, Tesco boss says
The chairman of Britain's biggest supermarket has warned "The worst is yet to come" on rising food prices. Tesco's John Allan told the BBC he was aware people were on very tight budgets and having to choose between food and heating "Troubles us". Mr Allan said: "I think the combination of increasing energy prices, the impact of National Insurance increases [in April] on people's incomes, and to a much much lesser extent increasing food prices, is going to squeeze the hardest-up still harder." "Price rises depend on individual products - coffee is going up, but other things like the cheapest tin of baked beans in Tesco is cheaper than it was five years ago," he said. "As far as Tesco is concerned, we have 2,100 products on our lowest price. We're either price matching against Aldi, or it's our own exclusive at Tesco range. That number has been increasing in recent months rather than decreasing, so it's not true," Mr Allan said.
Related companies
Make a complaint about Tesco by viewing their customer service contacts.
