Cost of living: Supermarket executives back fuel transparency but defend food prices

Executives from the country's biggest supermarket chains have defended their grocery prices but backed the idea of greater fuel transparency over claims customers are paying over the odds for both.

The business and trade committee of MPs heard representatives of Tesco, Sainsbury's, Asda and Morrisons deny any suggestion of food profiteering on their part as shoppers continue to face high prices amid the evolving cost of living crisis.

This comes as food inflation in the UK has continued to slow from April's record-breaking rise - but is still up 14.6% year on year, new retail figures show.

Read more on the story: https://news.sky.com/story/pace-of-food-inflation-is-slowing-down-but-prices-still-surged-15-in-the-year-to-june-12909981

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