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Antitrust to examine food price hikes

Sunday, November 11, 2012

WN.com - Business News
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Antitrust to examine food price hikes
Nov 12th 2012, 06:40

Food makers and retailers began raising prices last week on a wide range of products. But preparing the groundwork for that started as far back as July. Over the weeks that followed, senior executives were quoted in the media saying the increases were on the way and unstoppable. The sense was that the food industry was preparing consumers for the bad news. But they could also have been using their warnings as a way of pushing rivals to join the price hikes with their own announcements. Now, David Gilo, the antitrust commissioner, plans to sharpen the criteria by which companies make such announcements....

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