{"id":9470,"date":"2023-05-28T20:26:10","date_gmt":"2023-05-28T20:26:10","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/sunak-to-ask-supermarkets-to-cap-basic-food-prices\/"},"modified":"2023-05-28T20:26:10","modified_gmt":"2023-05-28T20:26:10","slug":"sunak-to-ask-supermarkets-to-cap-basic-food-prices","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/sunak-to-ask-supermarkets-to-cap-basic-food-prices\/","title":{"rendered":"Sunak to ask supermarkets to cap basic food prices"},"content":{"rendered":"

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\/\/<\/span> Prime minister Rishi Sunak is set to ask supermarkets to charge the lowest possible amount for basic food items<\/h6>\n
\/\/\u00a0<\/span>The new scheme, similar to an agreement in France, is at \u201cdrawing board stage\u201d and will be\u00a0 voluntary<\/h6>\n\n

Prime minister Rishi Sunak is drawing up plans for supermarkets to introduce price caps on basic food items to help tackle rocketing food inflation.<\/p>\n

The scheme aims to get retailers to charge the \u201clowest possible amount\u201d on some essential items, The Sunday Telegraph reported.<\/p>\n

A No 10 source said the plans are at \u201cdrawing board stage\u201d and stressed any action by retailers \u201cwould be voluntary\u201d.<\/p>\n\n

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The move, based on a similar agreement to one in France, would be the biggest attempt to regulate UK supermarket prices since the Price Commission was set up in 1973.<\/p>\n

The newspaper reported the proposal has been quietly discussed within Downing Street and among industry leaders for the last two weeks.<\/p>\n

Sunak met with supermarket bosses earlier this month to address the inflationary impacts of food production after food inflation soared to 19.1% in March \u2013 the sharpest increase in 45 years.<\/p>\n

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