Tesco profits soared by 160% to £2.3bn in April, with the supermarket giant saying price pressures have eased. How do you feel about price rises at the supermarkets in light of this?
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00:00These little small things that everybody likes, you can't even have the small wins anymore.
00:04So like, for your necessities, or for the little treats, you can't really afford anything.
00:08Even the cheap options are getting too expensive now.
00:10And the fact that these companies are having record profits, but still increasing their
00:15prices doesn't make any sense because it's clearly a baseless increase. It makes no sense.
00:19If the company is making substantial profit, that means that they need to,
00:24they have a larger, they have captured a huge market. So that means that they can, in order to
00:30strengthen their rigor, I mean, their grip in the market, they need to
00:35lower down their prices a bit to beat the other competitors.
00:39Last time I visited Tesco, so they changed their prices a little bit higher
00:45from according to the past year or past few months. So I think it's not that much,
00:50because, you know, the minimum wage is also higher.
00:53You know, it's indirectly affecting the local people, you know, who have low income wage.