LONDON (Reuters) - The fall in the British pound
"It is not certain we will see inflationary pressures passed on to customers," Mike Coupe told the company's annual shareholders meeting, noting that supermarkets might absorb higher cost prices due to competitive pressures.
"It is difficult to judge how it will play out. Things may change in future, commodity prices could come down, exchange rates could change," he said, noting that Sainsbury's is hedged against volatile commodity prices and currencies.