Enterprise Minister Simon Coveney has said that a new study has found "no evidence of excessive pricing" in the Irish grocery retail market.
The report was published the evening before Minister of State Neale Richmond is due to meet with retailers for the Retail Forum. The Consumer and Competition Protection Commission (CCPC) carried out the study following concerns that there was price gouging in some supermarkets. Taoiseach Leo Varadkar was one of the people who suggested that there was evidence of price gouging.
The report states that the inflation associated with food and non-alcoholic beverages increased by 13.1 per cent in the year to April 2023. This reflected a rise in prices across a range of products such as sugar (38.9 per cent), frozen fish (29.9 per cent), fresh whole milk (24.1 per cent), butter (18.9 per cent), and eggs (18.3 per cent) compared with April 2022.
