With inflation forecast to hit 11 per cent within months, the supermarket's chief executive Simon Roberts said: "The pressure on household budgets will only intensify over the remainder of the year."
He added that Sainsbury's was investing £500 million to try and keep prices down.
The cost of food has soared in recent weeks partly caused by the war in Ukraine - along with fuel and energy. Inflation hit a 40 year high of 9.1 per cent in May and is expected to rise further before starting to fall next year.
About 12 people were arrested yesterday after campaigners calling for a cut in fuel duty staged go-slow roadblocks on the M4 and M5 motorways.
This story is from the July 05, 2022 edition of Evening Standard.
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This story is from the July 05, 2022 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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