Woolworths Group CEO Brad Banducci said the supermarket's primary focus is to give customers"value for money" as he justified its annual profit in line with rising grocery costs.
Stream more business news with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022 Mr Banducci said while he could not confirm exactly when inflation would peak, he expected it to be at the end of the year."And we really want to give our customers a great inspirational, affordable Christmas so we think it comes probably in the next couple of months and then hopefully starts going down."Mr Banducci said the value for money is"our primary focus" particularly during inflation.
He said inflation has touched"every part of our economy", whether it's transportation costs, warehouse costs or even packaging costs.
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