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Largest UK Supermarket Warns "Worst Has Yet To Come" Amid Food Inflation Crisis
• https://www.zerohedge.com by Tyler DurdenJohn Allan, chairman of Tesco Plc, told the BBC's Sunday Morning Live that low-income households have difficulty choosing between food and heat this winter. Budgets are tight, triggering a 'winter of discontent' if widespread inflation doesn't diminish.
"In some ways, the worst is still to come – because although food price inflation in Tesco last quarter was only 1%, we are impacted by rising energy prices. Our suppliers are impacted by rising energy prices. We're doing all we can to offset it … but that's the sort of number we're talking about. Of course, 5%," Tesco's Allan said.
'When the chairman of Tesco says something it really matters because it's Britain's biggest supermarket'
— GB News (@GBNEWS) February 7, 2022
Paul Hawkins discusses Tesco Chairman John Allan has saying the 'worst is yet to come' in the cost of living crisis.
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