"After Lidl led way with cut to milk prices, its rivals followed suit - and now further reductions on staples are promised by German chain"
"Supermarkets have been urged to slash prices for household staples after retailers made the first move by cutting the cost of milk."
"Experts said there were tentative signs that food prices may have peaked, which could lead to cuts on the cost of a limited number of food items."
Lidl reduced milk prices, prompting rival supermarkets to follow with similar cuts. A German supermarket chain has promised additional reductions on staple food items. Industry experts note tentative signs that food-price inflation may have peaked and that limited price cuts could begin. Consumer groups have urged supermarkets to extend reductions across more household staples to ease cost-of-living pressure. The initial milk-price cuts are expected to be selective rather than broad, reflecting competitive positioning and some easing of input-cost pressures in the grocery supply chain.
Read at Independent
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