Top grocery brands fueling ‘greedflation’

Big names have been hiking prices faster than their costs increased, says Competition and Markets Authority Many popular grocery suppliers have been pushing up prices by more than their cost, fueling ‘greedflation’, according to a recent report by the UK Competition and Markets Authority (CMA). ‘Greedflation’ refers to artificial price increases introduced by companies to take advantage of inflation and create excessive corporate profits. The study shows that over the last two years, around three-quarters of branded suppliers in products such as infant formula, baked beans, mayonnaise, and pet food have increased

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Last updated : 03 Dec 2023 clock 01:44 PM

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