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Food price inflation in the UK was 15.4% in the year to May and there has been a suggestion that prices could be fixed to help customers - but Stuart Rose has a slightly different view.
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All our competitors have a convenience offer, asda hadn't got a convenience offer. we are now going to be in the convenience business, so we'll be a complete retailer. consumers who now then go to eg garages over time will get asda prices for petrol, and that'll be lower, so that's good. and in terms of pricing across the piece, we will run a more efficient business. now, the cost of food is centrestage at the minute. today we got new data from the british retail consortium, the industry trade body, which showed a slight easing in food price inflation. this comes after news that the government...