MPs question whether the UK's top supermarket chains are competing effectively as the country struggles to bring down the rate of inflation
Executives from the country's biggest supermarket chains have defended their grocery prices but backed the idea of greater fuel transparency over claims customers are paying over the odds for both.
Such a move has long been demanded by fair fuel campaigners and motoring groups amid accusations chains do not play fair on prices.Iceland boss rues food inflation challenges Petrol and diesel used to be a loss leader for chains but that has shifted since the COVID pandemic, with supermarket retailers concentrating more on investment in prices for staple goods since commodity costs shot up.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Torrential rain causes massive leak at supermarketPuddles could be seen forming in the store due to the leak.
Read more »
Supermarket giant slashes prices on grocery essentials - how much will you save?SAINSBURY’S has unveiled £15 million worth of price cuts on essentials such as rice and pasta. The supermarket giant will roll out the reductions on its own-brand items from June 27 – a…
Read more »
Shoppers rush to Tesco as supermarket finally stocks Prime for £2 per bottleThe supermarket was spotted selling numerous flavours for £2 per bottle - but customers are restricted to 10 bottles.
Read more »
Supermarket bosses from Tesco, Sainsbury's, Asda and Morrisons to be grilled by MPs over high pricesSupermarket chiefs will be grilled by MPs today over why food prices are still rising despite a fall in some wholesale costs.
Read more »
'More competitive than ever': Supermarket bosses deny profiteering despite massive hikes in takings in grilling by MPsTesco insists it is 'more competitive than ever' despite soaring food prices and bulging corporate profits - as supermarket chiefs appeared at a Commons select committee
Read more »