Supermarkets call for action on consumer groups, Government jumps to attention.
British consumer group Which? has urged the government to take action to support households when the competition watchdog publishes its review of grocery pricing, saying some food prices have jumped by as much as 175% since 2021.
Based on analysis of more than 21,000 food and drink products at market leader Tesco (TSCO.L), Sainsbury’s (SBRY.L), Asda, Morrisons, Aldi, Lidl, Waitrose and Ocado (OCDO.L), Which? found that supermarket prices rose by 25.8% between June 2021 and June 2023.
Food prices have been driven up by increased costs for animal feed, fertiliser and fuel as well as energy and labour. Poor harvests, bird flu and a weaker pound have compounded matters.
However, Which? said its findings show some supermarket products have been hit with disproportionately high inflation.
When you see supermarkets openly engage in price fixing, when only decade ago they would have been fined for, you know our institutions that supposed to tackle this are rotten to the core.
How would you call someone who takes the money and then doesn’t deliver?
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Supermarkets call for action on consumer groups, Government jumps to attention.
British consumer group Which? has urged the government to take action to support households when the competition watchdog publishes its review of grocery pricing, saying some food prices have jumped by as much as 175% since 2021.
Based on analysis of more than 21,000 food and drink products at market leader Tesco (TSCO.L), Sainsbury’s (SBRY.L), Asda, Morrisons, Aldi, Lidl, Waitrose and Ocado (OCDO.L), Which? found that supermarket prices rose by 25.8% between June 2021 and June 2023.
Food prices have been driven up by increased costs for animal feed, fertiliser and fuel as well as energy and labour. Poor harvests, bird flu and a weaker pound have compounded matters.
However, Which? said its findings show some supermarket products have been hit with disproportionately high inflation.
When you see supermarkets openly engage in price fixing, when only decade ago they would have been fined for, you know our institutions that supposed to tackle this are rotten to the core.
How would you call someone who takes the money and then doesn’t deliver?
Many departments are like that now.