CMA finds millions of parents may be paying up to £500 a year "over the odds" for infant formula

The CMA probe into the supply of baby formula milk found that prices had soared by 25% in the past two years (PA) -

Parents are paying up to £500 “over the odds” for infant formula during a baby’s first year of life because of lack of competition and “unintended consequences” of regulations, a report found today.

The Competition and Markets Authority (CMA) said a “deep dive” into the sector found a range of concerns about the market for an essential weekly purchase for millions of families.