Supermarkets get six weeks to lower prices amid soaring food costsSupermarkets are to be given a six-week ultimatum to bring down the cost of a basket of groceries. According to the Irish Examiner, Mr Richmond will tell the major supermarket groups that they will have to show a "demonstrable reduction" in prices at the checkout. Supermarkets and suppliers will also be asked to show proof of the efforts they are making to bring down costs for consumers. Mr Richmond will also meet with farmers and producers on Thursday. Taoiseach Leo Varadkar said on Tuesday that the major chains will be told that "we expect you to bring down prices".

Source: Irish Independent May 10, 2023 17:54 UTC