Grocery Greedflation?
Episode description
Are the UK supermarkets profiteering? Food price inflation remains stubbornly high at 18.4% - its highest level since the 1970s - and now lawmakers want to understand if the supermarkets are lining their pockets at the expense of the shopper. In this episode, Natalie shares her views on why the grocers aren’t guilty of greedflation: they have no choice but to remain price competitive, while simultaneously doing everything in their power to protect their inherently low profit margins. Harvir Dhillon, Economist at the British Retail Consortium, joins the show to explore some of the cost pressures that retailers are facing, whether inflation has now peaked, and why a supermarket price cap is a bad idea.
Links:
BRC-NielsenIQ Shop Price Index
Connect with Harvir on LinkedIn.
Follow Harvir on Twitter.