Some food suppliers have raised prices by more than their costs went up over the past two years, according to the UK’s competition watchdog.
This has helped push up the price of things like baby formula, the Competition & Markets Authority (CMA) said.
The findings are part of an analysis of pricing in 10 categories, including milk, baked beans and pet food.
The findings are part of an analysis of pricing in 10 categories, including milk, baked beans and pet food.
High food price inflation has mainly been driven by rising energy and fertiliser costs, the CMA said.
But about three quarters of branded suppliers have also been making more profit on individual products.
As a result shoppers have increasingly turned to own-label products, meaning branded products have lost market share, and so have been making less money.
But in the case of baby formula there are not many alternatives, and prices have risen by a quarter over the past two years.
New parents could make significant savings of £500 in the first year of a baby’s life on baby formula by shopping around, the CMA added.
Some food suppliers have raised prices by more than their costs went up over the past two years, according to the UK’s competition watchdog.
The findings are part of an analysis of pricing in 10 categories, including milk, baked beans and pet food.
This has helped push up the price of things like baby formula, the Competition & Markets Authority (CMA) said.
High food price inflation has mainly been driven by rising energy and fertiliser costs, the CMA said.
The findings are part of an analysis of pricing in 10 categories, including milk, baked beans and pet food.
The findings are part of an analysis of pricing in 10 categories, including milk, baked beans and pet food.
High food price inflation has mainly been driven by rising energy and fertiliser costs, the CMA said.
But about three quarters of branded suppliers have also been making more profit on individual products.
As a result shoppers have increasingly turned to own-label products, meaning branded products have lost market share, and so have been making less money.
But in the case of baby formula there are not many alternatives, and prices have risen by a quarter over the past two years.
New parents could make significant savings of £500 in the first year of a baby’s life on baby formula by shopping around, the CMA added.
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