Safeway Sees Cost Pressures

PLEASANTON, Calif. Safeway here expects deflation to decline and inflation to increase through the first half of the year but does not anticipate reflecting rising costs in its pricing immediately, Steve Burd, chairman, president and chief executive officer, told analysts last week. We're still in a relatively slow economy, and we can't pass all cost increases on in the form of higher retails right

PLEASANTON, Calif. — Safeway here expects deflation to decline and inflation to increase through the first half of the year but does not anticipate reflecting rising costs in its pricing immediately, Steve Burd, chairman, president and chief executive officer, told analysts last week.

“We're still in a relatively slow economy, and we can't pass all cost increases on in the form of higher retails right now, but that's just a temporary phenomenon.

“It's not because the co

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