More time for supermarket probe

2 November 1999

More time for supermarket probe

THE Competition Commission inquiry into supermarket grocery prices is likely to continue until the second half of next year.

The five commissioners are still collecting data to investigate accusations of overcharging.

The inquiry was launched by the Office of Fair Trading on 8 April after an eight-month study into the profits made by the four biggest retailers revealed a level of profitability that prompted further investigation.

The commission has now written to the supermarkets to say its research raises issues for further study.

It is expected to announce before the end of January whether it has found monopolies that operate against the public interest.

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