Cost of living crisis How UK supermarkets are limiting price rises
The worsening cost of living crisis has drawn attention to the cost of weekly groceries. Even families already struggling with rising energy bills, gas prices, taxes, mortgages and rents can expect to pay more for groceries this year.
Over the weekend, the chairman of Britain's biggest supermarket chain, Tesco, warned that "the worst is yet to come" for food price inflation, expecting it to soon reaches 5%. Supermarkets are managing their own inflationary pressures, faced with rising bills for commodities from coffee beans to milk and wheat, as well as rising costs for packaging, transport, energy and staff . Reducing personnel costs Personnel costs are at the center of attention. Brexit and the pandemic have disrupted the UK labor market, forcing retailers to offer wage incentives to fill vacancies.
The statutory minimum wage for people aged 23 and over also rises by 6.6% to £9.April 50.Tesco announced more than 1,600 workcuts last week, cutting the night shifts and the closing of other specialties and meat to concentrate the staff of other jobs other, more profitable, shops.
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