compare prices easily. the regulator has been investigating supermarket prices after both the government and the bank of england questioned whether retailers were passing on lower costs quickly enough to shoppers. our business reporter, peter ruddick, is in salford with the details. what more can you tell us about this decision from the cma? the competition decision from the cma? the competition and decision from the cma? tt2 competition and markets authority were looking at two things when it comes to supermarket food prices, incredibly important, given the cost of living squeeze. they were looking at whether supermarkets were profiteering, the comments you mentioned from the governor of the bank of england and the chancellor. we know there are lower producer costs out there, are they being passed on quickly enough to shop is in supermarkets profiteering? and there were looking at unit pricing. things clear enough in store? on the first part, they say they have found no evidence s
competition. essentially, that supermarkets have not been profiteering. they re going to keep looking into this on certain products. on the second part, they say not all retailers are displaying prices as clearly as they should. this could be hampering people was more ability to compare product prices. they re worried by consistency, like the tea bags, often per 100 grams and occasionally per tea bag. often per 100 grams and occasionally pertea bag. it often per 100 grams and occasionally per tea bag. it means is quite difficult to work out which is the best value product. sometimes unit pricing is missing or incorrect, tickly online. they also mention promotions and loyalty card products and found some retailers are not displaying unit prices, making it difficult for shoppers to work out where they can get the best value and save the most money. no where nearas damning, and save the most money. no where near as damning, this report, is a similar one into petrol retailers came earlier
it only works really well if people can compare prices to get the best deal. there are problems with the rules around unit pricing. there are problems with compliance with those rules, and we re calling on the government to take action to improve those rules, and we re calling on retailers to improve their compliance with those rules. now, the regulator has also been looking at grocery prices, are they higher than they should be? of course, there have been loads of accusations of profiteering, but the cma said this morning, and this is a short piece of work, that high food inflation isn t being driven by weak competition between supermarkets. she said the profit margins were down and that their costs hadn t been passed on fully to consumers. but they are going to keep tabs on them to make sure that shoppers would benefit as input costs for in the months ahead. would benefit as input costs for in the months ahead. thank you, emma sim son, the months ahead. thank you, emma simpson. our
could fix this tomorrow. tesco s already promised to put the unit price on its clubcard promotions. shoppers welcome more clarity. you do have to do some maths in your head about, is this.are we comparing like with like? i definitely do pay attention to them as if i m trying to get a good deal when i m wandering around the supermarket, especially with detergents and things like that. it s like reading the fine print. you don t. it doesn t stand out. you have to pay attention to it. the watchdog says unit pricing provides critical information in this cost of living crisis, and the rules need improving to make sure shoppers get the best deals. emma simpson, bbc news. one thing badly affecting food prices is the war in ukraine. global wheat prices have risen sharply after russian missiles hit ukraine s black sea coast, destroying 60,000 tonnes of grain, and damaging storage facilities. moscow has now pulled out of a deal which had ensured safe
that the supermarkets are profiteering on groceries. we do think it s important to keep this market under review, though. we have heard from some of the supermarkets, some of the retailers that they re looking for opportunities to rebuild their margins. and we are mindful that we would expect input costs to be falling over the coming months. so we want to make sure that that competitive pressure remains. but it wants to see government action on pricing. that s unit pricing, where supermarkets are required to display the unit cost of a product, for instance, the price per kilo of cheese. so it s easier for shoppers to compare costs. but the regulator says these labels aren t as clear as they should be and could be missing entirely on promotions. unit pricing is completely inconsistent. you might see a price per 100 grams, per kilo all on the same shelf. that is useless for consumers, but even worse, it s sometimes not there when you have promotions or loyalty discounts. that s why the g