Asda chairman Stuart Rose: Food prices will keep rising

Food prices will keep rising, and stay higher "for quite some time" due to the high cost of raw materials, Asda chairman Lord Rose has said.

"Pasta is made from durum wheat, and durum wheat has gone up in price, so that's an inevitable cost increase."chicken could become as expensive as beefFast food chain Nando's, which specialises in chicken, said that some of its prices had gone up in April.Lord Rose said retailers "will do what we can" to shield customers from raw materials cost increases, but added they were "not immune from cost increases ourselves" and would pass them on.

There is a danger of long-term effects on the economy from high inflation including "a wage spiral" and "stagflation" - where prices and wages go up, but the economy doesn't grow. Business Secretary Mr Kwarteng said there was "obviously an issue with cost of living increases", but "we don't know how long that will last".

Food assistance programs work and immediately stimulate local economies.

We need lower prices now,Govt failed to reduce fuel prices,inflation will reach over 65% before they secure cheaper fuel.The price of everything will explode and we will see suicides and mass deaths of public who cannot cope, Govt has plenty of money for Rwanda, India why not UK?

'...prices will keep rising' says Asda chairman. Good heavens, the man must have a degree in the bleedin' obvious.

Is this because Boris jonhson decided to fund dirty war to prolong his stay!? Caused world wide instability, people have to suffer massive impact while sunak happily stealing money from this country by deliberately avoiding paying taxes! Kick tories out!!

As will profits, I'm sure

Load of bollocks

No shit!

He will be making personal choices he said God help the rest of us sarahrainsford

And you would keep making huge profits

And I won’t be buying what I usually do, like millions of others. I look forward to the economy falling apart. And supermarkets going bust.

And sunlit uplands right Tories?

Of course. We haven't been fucked enough.

And I like most will be likely be buying less and less than the essentials

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