Hard-pressed shoppers have been warned to prepare for continuing price hikes by the chairman of one of the UK's biggest supermarkets. Asda chairman Lord Stuart Rose has called for more government intervention to ease the pressure on consumers and he claimed that food prices would remain high.
The Tory peer said he expected shopping bills to rise even further after inflation on many essential items neared six per cent. He said: “They are going to go higher and they are going to stay high for quite some time, I fear.” He told told the BBC “it’s going to be very hard” and “I see no quick solution to this”.
Lord Rose said Asda had “dropped and locked” prices of some key goods, but warned consumers will have to make tough choices about what they do or don’t buy, reports LeedsLive.
