UK mulling ways to curb food prices

Officials have reportedly met with supermarket bosses to negotiate price cuts, the outlet has reported UK officials are discussing with representatives of the retail sector ways to tame spiraling grocery inflation without imposing price caps, CNBC reported on Monday. Forcing supermarkets to cut prices is not being considered, a government spokesperson told CNBC by email, adding that any scheme to help bring down food prices for consumers would be voluntary. “We know the pressure households are under with rising costs and while inflation is coming down, food prices remain stubbornly high. That’s why the prime m

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