Ocado boss downplays effects of food inflation on online grocery sales

Ocado van on a residential street

Ocado boss Tim Steiner has said the pureplay grocer has been largely immune to the inflationary price rises gripping the industry and downplayed risks to sales.

Speaking after the retailer and technology platform unveiled widening losses, Steiner said Ocado had not seen anything like the 3% to 5% food inflation numbers being quoted by the British Retail Consortium (BRC) and Tesco chair John Allan. 

“We tend to kind of follow the market on pricing,” said Steiner. “So far, we’ve not seen prices rising anything near as much as I’ve been reading about in the newspapers. But we’ll wait and see what happens in the market.”

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