Food: Prices

(asked on 4th September 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether she has held discussions with representatives from supermarkets on the Competition Markets Authority investigation into food price rises.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 11th September 2023

Ministers and officials engage with a wide range of businesses, including supermarkets, on a regular basis.

The Competition and Markets Authority has engaged with industry and assessed indicators of how competition is working in the grocery retail market and found that competition between supermarkets remains healthy. The Government welcomes the CMA's plans to look further into the supply chains impacting the pricing of 10 day-to-day products: baby formula, baked beans, bread, chilled desserts, lemonade, mayonnaise, milk, pet food, poultry, and ready meals. The CMA will issue a public update on this work in the autumn.

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