Iceland boss hits out at parent ‘exploitation’ in baby milk market - short news
Richard Walker calls for price cap on infant formula as competition watchdog finds evidence of greedflation
The boss of Iceland has hit out at “exploitation” of new parents and joined calls for a price cap on baby formula after the competition watchdog found evidence of greedflation by leading manufacturers.
The Competition and Markets Authority (CMA) on Wednesday revealed manufacturers had increased prices by more than their costs during the inflation crisis, fattening..
source: The Guardian - 01.12.2023