‘Rampant profiteering’(?) as pre-Christmas food inflation remains at 9.2%

Last Updated: December 21, 2023By Tags: , , , ,

Pricey: and the problem is that the cost of food is being artificially inflated to boost the profits of producers and retailers, at a time when wages are being squeezed.

This is a little annoying; the article refers to “rampant profiteering” but doesn’t lay blame.

We may suggest it’s the supermarket chains that are profiteering – artificially inflating the price of food – because that’s where most of us buy it.

The fact is that our food costs too much – especially with pay being as brutally depressed as it has been by the Tories.

There are no solutions suggested here. What is the answer?

Official figures showed food inflation remains at a painfully high 9.2 per cent in the run-up to Christmas.

Unite general secretary Sharon Graham said… “Even the competition regulator now admits what Unite has said all along: that firms have been exploiting the cost-of-living crisis to raise prices excessively.

“It’s time the government and Bank of England tackled the rampant profiteering in our economy to get inflation under control.”

Source: Unions call for end of ‘rampant profiteering’ as pre-Christmas food inflation remains at 9.2% | Morning Star

One Comment

  1. Keith Roberts December 22, 2023 at 12:44 pm - Reply

    As long as ‘Inflation’ is reported widely people will believe it is an international finance thing. “Inflation” is the best smokescreen for very small to very large businesses to increase prices and therefore profits …

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