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Woolworths boss warns grocery prices are already surging due to Covid costs

Woolworths boss warns grocery prices are ALREADY surging as the supermarket’s profits take a big hit from Covid costs

  • Woolworths boss Brad Banducci warned it is inevitable food prices will increase
  • Woolworths declared net profit was down by six per cent to $795 million
  • Sales were up eight per cent but the group spent more on protection from Covid
  • Mr Banducci said inflation had forced prices up by roughly two to three per cent 

Woolworths has reported a lower first-half…

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