Three-quarters of big names in areas such as baby formula raise prices faster than costs, says watchdog
Most makers of popular brands in areas such as baby milk, baked beans, mayonnaise and pet food fuelled greedflation by putting up prices faster than their costs rose, the competition regulator has found.
The latest release from the Competition and Markets Authority (CMA) in its review of the grocery market concluded that over the past two years about three-quarters of branded suppliers with products in those sectors increased their profits by raising prices more than their costs increased.
