UK government rules out mandatory supermarket price caps after talks with retailers as shop price inflation rises to 1.2% in May.
Last week, Britain's government ruled out imposing mandatory price caps on supermarkets to control food prices, but said it was speaking to the sector about measures to ease cost-of-living pressures. The British Retail Consortium said shop price inflation rose to 1.2% in May, while food price inflation slowed to 2.7%.
2h ago · 3 sources
Coverage
- ‘Completely preposterous’: Food industry reacts to price cap proposals
Thomas West / food_manufacture · 4h ago
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- UK Shop Price Inflation Picks Up, Retailers Ask Government To Help
ESM Magazine / esm_magazine · 1d ago
- Food inflation falls to lowest in a year but BRC warns it can’t last
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