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Coles boss confident supermarket can stay on top of rising food prices

Coles’ chief executive Steven Cain. (Source: Supplied.)
Inflation has been tipped to outpace customers’ ability to keep up for some time, and with the Australian Bureau of Statistics’ latest figures noting underlying inflation hit 5.1 per cent in the March quarter – the highest level since 2009 – eyes have fallen on supermarkets to see how they handle the rising cost of stocking their shelves. One of the main causes of inflation was the increased costs of fuel, largely due to the conflict in Ukraine, making it more expensive to distribute goo