The government has convened a meeting of the Retail Forum to discuss concerns over high food prices
Representatives from major supermarkets will gather for the meeting on Wednesday, which has been called by Neale Richmond, the minister of state with responsibility for retail business.
“What is directly open to government is the powers under the 2007 Consumer Protection Act which allows the Government to introduce price caps on certain products if it so chooses.“We really don’t want to do that, that comes with very serious consequences, but it is something that is open to the Government.”
“In Ireland however we have seen food inflation increasing by about 17% so very significant increases, but less than what has been happening elsewhere in Europe.”
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