Woolworths: high Aussie dlr eases food inflation
Published: 19 Oct 2009 17:29:04 PSTMELBOURNE, Oct 20 - Woolworths Ltd <WOW.AX>, Australia's largest supermarket chain, said on Tuesday that food inflation was expected to hold at around 2 percent between now and the end of the year.
Chief Executive Michael Luscombe told analysts the benefits of a stronger Australian dollar would continue to help reduce food prices, with food inflation down to 2.1 percent in the first quarter from 4 percent in the fourth.
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