UK Government Urges Supermarkets to Limit Food Prices

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The UK government is urging supermarkets to voluntarily limit food prices on key groceries like eggs, bread, and milk. This initiative may come with a freeze on price rises in exchange for regulatory easing, according to industry sources. The current food price rise rate is 3.7% with concerns that it could reach nearly 10% by the end of the year. The British Retail Consortium expressed that the policy could force retailers to sell at a loss amidst rising operational costs, attributing some increases to the Middle East conflict affecting supply chains.