The sector also finances the costs of the price cap, however, the official prices introduced for certain foods are unsustainable in the long term due to their market-distorting effect.
The head of the department store chain is not at all optimistic about inflation. He believes that some sectors should prepare for a recession.
Tesco is also sensing the downward trend in purchasing. For instance, customers who previously preferred a premium product are now trying a different category, including the cheaper versions, and the age of instant discounts is also coming, he added.
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