ICA loses to competitors and reduces profits in the first quarter. Axfood gained new customers for the discount chain Willys.
Both giants now believe in falling food prices in the future. After a period of record-high food price increases, inflation is now moderating. But it is an uncertain situation. We do not know when the war will end or when the whole world market will turn in terms of demand, or indeed supply due to climate change. All this creates uncertainty in the market.