Context
High food inflation is causing significant hardship for constituents in Lichfield and Burntwood, as well as across the UK. The question arises from concerns about supermarkets taking advantage of wholesale price reductions.
Question
My constituents in Lichfield and Burntwood are enduring high food inflation along with people in other parts of the country and Europe. What measures does the government have to ensure that supermarkets do not exploit this situation for excessive profits?
Answer from Mark Spencer
Retailers work to maintain competitive pressure in the marketplace. The Competition and Markets Authority is investigating the grocery sector to address any failures contributing to higher prices. The Groceries Code Adjudicator remains independent and can initiate investigations as necessary.
Not addressed: Specific measures or controls not clearly outlined
How: The Government Will Continue Engagement With Retailers
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