date:Aug 01, 2013
s an increased frequency of customer promotions across a number of trading departments had resulted in a low level of inflation. The Countdown Supermarkets food price index showed retail price inflation of just 0.2 per cent for the year (FY12 1.1 per cent) and 0.1 per cent for the fourth quarter (fourth quarter in 2012 0.3 per cent).
In light of the continuation of subdued market conditions and highly competitive marketplace, compounded by low growth and low inflation, our 4.4 per cent growth f