for July, released on Thursday, showed the food index increased 0.2% from June, increasing 4.9% year over year.
The company temporarily hiked some prices to comment on how food prices are not fully indicative of broader long-term environmental and health costs. "We know that many of our customers are suffering from today's unrelentingly high food prices," Stefan Görgens, the COO at Penny, said in a statement."Still, we have to come to terms with one unpleasant fact of life: Our food prices do not reflect the consequential environmental costs that arise along our supply chain."
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