UK: CMA Launches Inquiry Into Infant Formula Milk Prices Amid Cost-of-Living Concerns
Source: The DairyNews
The UK's Competition and Markets Authority (CMA) has initiated an investigation into the pricing of infant formula milk due to concerns arising from the current cost-of-living crisis.
This move follows the CMA's November 2023 review of the groceries sector, which raised questions about potential ineffective competition leading to higher prices in the baby formula market.
The CMA will employ its compulsory information gathering powers to gather additional evidence on regulatory frameworks, supply-side dynamics, and consumer behavior in the market. The investigation aims to determine if issues exist and, if so, what actions should be taken to address them. Potential actions range from recommending regulatory changes to providing better information to parents to aid their choice of infant formula brands.
The CMA plans to conduct the market study swiftly, with a final report expected in September 2024. Any resulting recommendations will have formal status, with a focus on ensuring the infant formula market benefits new parents.
Earlier we writes:Asda and Tesco join Iceland in cutting cost of Aptamil baby formula.
The CMA will employ its compulsory information gathering powers to gather additional evidence on regulatory frameworks, supply-side dynamics, and consumer behavior in the market. The investigation aims to determine if issues exist and, if so, what actions should be taken to address them. Potential actions range from recommending regulatory changes to providing better information to parents to aid their choice of infant formula brands.
The CMA plans to conduct the market study swiftly, with a final report expected in September 2024. Any resulting recommendations will have formal status, with a focus on ensuring the infant formula market benefits new parents.
Earlier we writes:Asda and Tesco join Iceland in cutting cost of Aptamil baby formula.
