Tesco raises prices on 1,000 products

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Britain's largest supermarket, Tesco, has increased the price of more than 1,000 products in the past two weeks. The firm raised prices on products including cheese, chocolate and bananas by an average of 11%, according to the Press Association. Tesco says it held off raising prices for as long as it could, and insists it is still competitive when compared to Asda, Sainsbury's and Morrisons. It comes as rivals Aldi and Lidl put pressure on the big four supermarkets. All shops are having to deal with increases in the cost of the goods they sell. The prices of milk powder, potatoes and pork have all risen much faster than the official inflation figure of 2%.

Source: https://www.bbc.com/news/business-49048822

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