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Government And Supermarkets Meeting Over Grocery Inflation

A meeting between the government and supermarkets later will examine what's being described as a 'se...
Ben Finnegan
Ben Finnegan

11:40 AM - 10 May 2023



Government And Supermarkets Me...

News

Government And Supermarkets Meeting Over Grocery Inflation

Ben Finnegan
Ben Finnegan

11:40 AM - 10 May 2023



A meeting between the government and supermarkets later will examine what's being described as a 'serious lack of affordability of food'.

The Consumers' Association of Ireland says the reasons for ongoing food inflation are still unknown, and transparency is needed.

Figures from Kantar shows that grocery inflation is still running at more than 16%, despite other parts of the economy experiencing overall inflation of 7%.

Representatives from supermarket chains will enter talks with the Department of Enterprise this afternoon, where they'll discuss measures to lower prices.

Council Advisor with the Consumers Association Dermot Jewell says current prices need to be addressed:

This is a long overdue opportunity to examine what's a serious lack of affordability of food, and importantly, even the basic food, basket of bread, milk, butter, tea.

"And what we need to have heard across the table is what exactly are the drivers of the prices from the farm.

"If we want to take it down at the farm gate all the way through production, distribution, to the point where it gets to the consumer."

However, President of the Irish Farmers Association is Tim Cullinan - he says farmers are struggling as it is:

"The price of food, fresh food has falling by in the region of five by 4%.

"Like there's no sector in the community that has seen no increase over the last 10 or 20 year period.

"Farmers have been dealing with massive inflation in the cost production over the last year.

In particular, the retailers go to jump on the bandwagon."



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