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Story summary
- Aldi UK CEO Giles Hurley warned that rising business expenses could push food inflation to 5.7%, impacting household budgets.
- The retail sector opposes measures that may increase operating costs, fearing a negative impact on consumer confidence.
- Aldi's total revenues reached £18.1 billion in 2024, despite a 20% drop in operating profits to £435.5 million.
- The company invested £300 million in price reductions to assist customers with inflation.
- Aldi's premium range, Specially Selected, grew by 14.5% in 2024, reflecting changing consumer preferences.
