In an effort to tackle cost of living pressures in groceries, the Competition and Markets Authority (CMA) has issued an initial update with the publication of two reports. The first report assesses retail competition in the UK grocery sector, while the second reviews unit pricing practices across major retailers.
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The CMA’s focus on grocery competition comes at a time when food and grocery prices are on the rise, and it aims to ensure that competition is effectively keeping price rises as low as possible. The reports examine the extent to which rivalry between retailers is driving down prices and enabling consumers to shop around for the best deals with confidence.
