Senior executives of the four major UK retail chains have been called in to ask about the sharp rise in prices of some products in stores. In this respect writer Guard.
Lawmakers will this week question top managers of four major supermarkets over the rise in grocery prices. Average inflation in food and non-alcoholic beverages increased by 18.4 percent in the first five months of 2023, while meat and vegetable prices doubled in some supermarkets.
Market experts agreed that British authorities should intervene to ensure there are more affordable and affordable products on store shelves.
Market participants pointed out that increasing the prices of some products is the last possible resort due to the rapid increase in production costs in recent months. At the same time, representatives of some retail chains added that in some cases they managed to expand the assortment and slightly lower prices.
June 11 Telegraph newspaper WroteThe collapse of the Kakhovskaya hydroelectric power station will negatively affect food prices in the UK. James Walton, chief economist at the British institute of food distribution, said UK consumers could soon feel the rise in food prices as it is likely to change the way the world distributes agricultural products.