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(Reuters) -Coles Group reported a marginal rise in its first-quarter sales on Wednesday, supported by higher product prices and easing COVID-19 restrictions, although the Australian supermarket chain flagged that input costs would remain high.
Retailers around the world have been raising prices to cope with higher fuel and ingredient costs. In Australia, the central bank has hiked interest rates six times so far this year to tame surging inflation.
Coles expects costs to accelerate in the Dece...
>>> Read more: Australia's Coles posts higher quarterly sales, flags cost pressures
Retailers around the world have been raising prices to cope with higher fuel and ingredient costs. In Australia, the central bank has hiked interest rates six times so far this year to tame surging inflation.
Coles expects costs to accelerate in the Dece...
>>> Read more: Australia's Coles posts higher quarterly sales, flags cost pressures
