cost inflation

Boohoo said at the time it had experienced significant cost inflation in the previous year and as costs had started to come down, it asked suppliers to reflect this in their pricing.

“Retail inflation has been significantly higher than cost inflation,” Kroger’s senior director for pricing wrote in an email to his bosses in March, per Bloomberg.

Last week, Andy Groff, Kroger’s head of pricing, said in an email that Bloomberg News obtained – I’m quoting now – “On milk and eggs, retail inflation has been significantly higher than cost inflation.”

Only 32% approve of how he is dealing with cost inflation.

"We also face additional cost increases from higher than anticipated wage and business rates related to cost inflation," it added.