CCPC: Ahh only 27% increase versus average 35% EU

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Wandering_Dazed

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RTE news : Watch: What's going on with food prices?

www.rte.ie

Watch: What's going on with food prices?

An investigation by the Competition and Consumer Protection Commission (CCPC) into the grocery retailer sector found there is no evidence indicating any issues regarding competition among retailers in terms of food prices.
www.rte.ie www.rte.ie

Please move/delete etc if already posted.

Personally the CCPC response is infuriating! Tesco charging €8 for Deodorant (~€4.50 clubcard price) is absolutely ridiculous! (Not so long ago could get main brand Deo for 2.50 on clubcard)

Sirloin steak has gone through the roof too, and while I'm lucky to afford these increases out of principle personally I'm boycotting Tesco. (Heaven to think what the increases on higher end cuts are)

Can't speak for Dunnes, but noticed the German multiples increasing prices on meat products too. However they are cheaper for main brand Deodorants.

While I can decide to shop for cheaper alternatives, I really feel for those in our society on the breadline.

IMHO the CCPC is a joke, there are huge increases across everyone's daily purchases.

(Rant off)
 
ClubMan said:
What do you expect them to do?
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As a starter, have a more deeper insight as to the increase in prices across the FMCG sector? However, in fairness perhaps the RTÉ report is not reporting the full insights?

As per the CCPC mission statement:
Our aim is to make markets work better for consumers. To achieve this, we work to influence public debate and policy development, grow public understanding of the importance of open and competitive markets, promote competition and highlight the interests of consumers.
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I would argue that headlines such as:
although consumers have seen a 27% rise in grocery prices since 2021, that is still well below the average EU increase of 35%.
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Is not in line with their mission statement, hence my rant. But open to other opinions.
 
We have Tesco, Dunnes, Supervalu, Lidl, Aldi and a few others.

It's clear that they are competing with each other. If the prices in Tescos are high, I can shop in Lidl.

there never was anything to see here so why are the CCPC wasting time on it.

Let them come out and talk about mortgages but they have never spoken out about pricing in the Irish mortgage market. It's too complicated for the CCPC to understand. They would need to have done Inter Cert maths and to understand percentages.
 
Wandering_Dazed said:
Sirloin steak has gone through the roof too, and while I'm lucky to afford these increases
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Sirloin steak is a luxury good. If you can afford to eat it good for you.
Wandering_Dazed said:
While I can decide to shop for cheaper alternatives, I really feel for those in our society on the breadline.
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People on the breadline are not eating sirloin steak. You only notice the cost of living crisis when it affects well-off people.
 
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From grocery shopping here and on one of the Canary Islands, on a regular basis, the prices on the latter have generally gone up by more IMHO. Some of it might have to do with the cost of getting the products there but it's really noticable.
 
I also regularly shop in another European country and the prices have also gone up noticably. I find meat products very expensive there compared to Ireland and I am always surprised when I arrive to the till. Been going there regularly for the past 30 years. Food was less expensive there at the time but not so much now.
 
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Ditto… we holiday in France, have done for years. The supermarket bill used to be a lot less there, now it’s easily the same as Dublin.
Different brands and some different products but overall not a massive change in baskets.

The local market in France used to be ok value for fresh food but it’s very expensive now.
 
Another cop out game of pass the parcel really. All the CCPC could say was that supermarkets were making modest profits.
Split up the responsibilities end up with multiple token useless regulators and doubtless the Agri Food one will find it doesnt have scope to pick up the parcel.

More details here in the Indo:

CCPC experts said it was not in a position to investigate profit margins along the food supply chain, including buyer power and margins, which are part of the role for the new Agri Food Regulator.

However, the new Agri Food Regulator is seeking extra powers from the Government so it can find out which firms are making the biggest profits in the food supply chain

CCPC experts found that Unilever – whose brands include Dove, Hellmann’s, Knorr, Lipton and Sunlight – reported a profit margin of 18.4pc last year.

m.independent.ie

‘So who is ripping us off?’ – dismay as watchdog finds no evidence of supermarket price gouging despite costs surging

Findings of an official report that there is no price gouging by supermarkets have been greeted with dismay.
m.independent.ie m.independent.ie
 
odyssey06 said:
CCPC experts said it was not in a position to investigate profit margins along the food supply chain, including buyer power and margins, which are part of the role for the new Agri Food Regulator.

However, the new Agri Food Regulator is seeking extra powers from the Government so it can find out which firms are making the biggest profits in the food supply chain

CCPC experts found that Unilever – whose brands include Dove, Hellmann’s, Knorr, Lipton and Sunlight – reported a profit margin of 18.4pc last year
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None of that is any of their business frankly.

I'm with Brendan on this.

Brendan Burgess said:
We have Tesco, Dunnes, Supervalu, Lidl, Aldi and a few others.

It's clear that they are competing with each other. If the prices in Tescos are high, I can shop in Lidl.

there never was anything to see here so why are the CCPC wasting time on it.
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