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Christmas food inflation to put Morrisons in ‘tricky position’: city
date:Oct 23, 2012
ould hit Morrisons

This could hit Morrisons both on volume decline and in reduction in manufacturing margin.

While it would be able to pass on its manufacturing cost increases readily to the end-consumer, whether Morrisons chose to do so was a different matter. That might depend on what other retailers did, he suggested.

The Office of National Statistics (ONS) suggested bread and cereals inflation was 0.4% down in September, to 1.1%, which Shore Capital dismissed as a blip.

Shore Capital sa

12/23 11:39