Bosses at Tesco, Sainsbury's, Asda and Morrisons will be grilled by MPs on Tuesday as their food prices rise while wholesale costs are dropping.
Senior executives from the huge supermarket chains will appear in front of the Business and Trade Committee to discuss food price inflation, as retailers are under increasing pressure to hand down savings they are seeing on wholesale items to consumers, who have faced punishing food price inflation in recent months.
Data from the BRC-NielsenIQ Shop Price Index suggested retailers are beginning to pass on lower wholesale costs, with food inflation easing for a second month running as supermarkets cut the price of household staples.
