Retail in Asia

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Morrisons and Unilever warn of price rises

A leading food retailer and manufacturer on Thursday joined the growing list of businesses warning of price rises in the new year.

Supermarket Morrisons said food inflation would run at 2-3 percent in the coming months. The big grocers’ estimates of inflation are usually lower than official figures.

At the same time Unilever, the world’s third-biggest food and consumer goods group, said it was trying to push through price rises to offset the soaring price of commodities.