Unite: Meagre fall in food inflation offers little comfort to struggling shoppers

Commenting on supermarket sales data from Kantar, showing food inflation has fallen slightly, Unite general secretary Sharon Graham said:

“The meagre fall in food inflation offers little comfort to struggling shoppers. Food costs are still rising, just at a marginally slower rate.

“Meanwhile, we know from the regulator, the Competitions and Markets Authority, that three quarters of branded suppliers have been exploiting the cost of living crisis to excessively raise prices.

“Shockingly, that same regulator is failing to take any real action to deal with these companies who have caused food prices to spiral by 30 per cent over the last three years.

“Unite will campaign for a new people’s regulator with the power to set fair prices and cap fat cat pay, in other words, a regulator that can act in the interests of the public.”