business news in context, analysis with attitude

• The UK magazine Checkout is out with a story accusing Tesco of increasing the prices of 8,000 SKUs right before it announced that it was lowering prices on the same items.

Tesco, is responding to the accusations by saying that the cuts were “meaningful,” and came after "some price increases in recent months due to inflationary pressures from world commodity markets which have been well documented.”
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