date:Oct 23, 2012
e, we would expect price recovery to be achieved in due course.
Manufacturers were also in a more favourable position than several years ago, as there were fewer of them, so retailers could not switch their business to a rival company as easily.
Some retailers might choose to pare back inflation by absorbing some of the cost increases themselves, he added.
But retailer and manufacturer Morrisons was in a more tricky position, as its own manufacturing margins would be hit by inflation.
This c