Grocery Price Cuts Unsustainable: Metcash Boss

 In Australia, Coles, Metcash/IGA, NewZealand, Woolworths
The aggressive discounting of groceries will ease in the next 12 months, according to Metcash group chief Ian Morrice, pulling back prices from the current "unsustainable" levels.
​The listed wholesaler’s full-year results this week revealed price deflation ran at 2.2 per cent in the year to April 30, an acceleration Mr Morrice said all the grocery retailers, including the majors, were grappling with. Sydney Morning Herald – Read more…

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