Sainsbury's and Unilever deny prices are too high

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Sainsbury's and Unilever deny prices are too high
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The supermarket and Marmite-maker reject suggestions they are not protecting customers from inflation.

Marmite-maker Unilever and supermarket Sainsbury's have rejected suggestions that they are not protecting customers from rising prices.that falls in global food prices were not yet being reflected in supermarkets.Sainsbury's said it had spent millions on lowering prices and was "determined to battle inflation".

Supermarkets say such falls take time to reach supermarket shelves. But in March the Unite union accused some supermarkets of "fuelling inflation by excessive profiteering". It came as the consumer goods giant, which also makes Ben & Jerry's ice cream, reported a 10.5% rise in sales in the first three months of the year.

It came as the UK's second largest grocery chain reported a better-than-expected 5% fall in underlying profits to £690m and a near-6% rise in sales in the year to March.

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