Sainsbury’s boss says food price rises starting to slow

Sainsbury’s boss says food price rises starting to slow

Sainsbury’s boss Simon Roberts has said food prices are not rising as quickly as they were, helping to boost the amount customers are buying. 

The supermarket chain saw an increase of nearly 10% in the value of goods it sold in April, May and June. 

The hot weather, Eastern the royal Coronation and bank holidays all played a role in the increase of goods sold. 

Roberts said Sainsbury’s was “fully committed” to passing on savings to the customers. 

The past year has seen food prices skyrocket, but some wholesale prices have started to fall in the last few months and supermarkets have been accused of keeping prices higher than they need to be, hitting customers’ pockets. 

But Sainsbury’s have defended their record, saying it has kept prices as low as possible including cutting prices on basic foods such as bread, butter, milk and toilet roll. 

Roberts said prices for the one hundred most popular grocery items were now lower than they were in March, despite food prices rising more generally. 

“We are putting all of our energy and focus into battling inflation,” Mr Roberts said, and he added that food inflation was “starting to fall”.