The consumer watchdog has warned the Government that introducing price caps could increase prices, reduce choice for consumers and result in scarcity.
It comes as Enterprise Minister Simon Coveney has asked the Competition and Consumer Protection Commission (CCPC) for advice on how “more transparency” can be delivered in the food supply chain to “ensure consumers are paying reasonable prices”.
Taoiseach Leo Varadkar revealed in the Dáil on Wednesday that the Government had received advice from the CCPC warning against the introduction of price caps.
