Labour calls on consumer regulator to investigate price-gouging in supermarkets

Shopping basket of some typical 'small shop' items for use in cost of living graphic. Pic: Larry Cummins consumers, groceries, supermarkets, prices, food, fruit, imports, vegetables, families, hungry, shops, inflation, bread, milk, fruit, bananas, pasta

Labour’s enterprise spokesman has called on the Competition and Consumer Protection Commission (CCPC) to investigate what he described as potential price gouging in supermarkets as “the cost of food continues to rise alongside the profits of multinational corporations”.

Price gouging is not defined in law but is generally understood as a situation where a trader charges prices at a level that is considered unreasonable or unethical.