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Parents' battle with leap in cost of baby formula
Daily Express
|February 21, 2024
'Companies are putting profits ahead of babies' wellbeing'
THE baby formula market is being investigated after regulators found prices had soared by 25% in the past two years.
Costs for the infant milk are at "historically high levels", the Competition and Markets Authority revealed.
It said the baby formula market is highly concentrated, with just two companies Danone and Nestle accounting for 85% of sales.
This meant few customers had switched as prices rose.
This story is from the February 21, 2024 edition of Daily Express.
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