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Tesco boss says consumers ‘terrified’ about volatile impact of inflation

Cork-born Ken Murphy says food market is ‘inflating in the past four weeks by 8 to 9pc’

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Tesco Group CEO Ken Murphy

Tesco Group CEO Ken Murphy

Tesco Group CEO Ken Murphy

Tesco, which made operating profits of £2.48bn (€2.88bn) in the UK and Ireland in its last financial year, says inflation is having effects that are “deeply unreliable, volatile and quite scary”.

The supermarket giant’s Cork-born CEO Ken Murphy told the Consumer Goods Forum Global Summit in Dublin yesterday that Tesco has conducted research across all their markets to gauge consumer response to the cost-of-living crisis


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