date:Oct 23, 2012
to end until there was visibility on next years harvest in early next summer.
Sainsburys financial director John Rogers had talked of the potential for a 4% rate by the first quarter of 2013 in the firms second quarter trading update on October 3, Shirley said.
Inflationary pressures
As we head toward Christmas, food inflation is likely to be well on its way to 4%, he said. The driver included the poor harvest in the northern hemisphere, which is impacting on wheat and corn [maize] prices. A