UK presses supermarkets to cap food prices amid inflation fears

The measure comes after the Scottish National party pledged to use its devolved public health powers to fix prices on 20 to 50 items such as bread, milk, cheese, eggs, rice and chicken because their rising cost was “impacting our nation’s nutrition”.

Under a new "anti-profiteering" framework, the CMA and other ​regulators would gain tools for faster action to investigate sharp price ​rises and scrutinise company margins during supply shocks, which officials said should allow for earlier intervention.

Reeves Floats Price Freezes on Food in Bid to Cut UK Bills

The proposals would see shops voluntarily cap the prices of essential groceries such as eggs, bread and milk, according to the Financial Times.