CMA Outlines Clear Path Forward to Help Parents Save Hundreds of Pounds a Year on Infant Formula
- Date: February 14, 2025
- Source: GOV UK
Summary
The Competition and Markets Authority (CMA) has published a final report outlining a clear path forward to help parents save hundreds of pounds a year on infant formula. The report follows an in-depth investigation into the infant formula market, which found that it is not working well for parents.
Key Findings
The CMA’s investigation found that:
- The cost of infant formula in the UK is significantly higher than in other comparable countries.
- The market is dominated by a small number of large manufacturers, who have been able to increase prices without facing significant competition.
- Parents are often not aware of the cheaper alternatives that are available.
Recommendations
The CMA has made a number of recommendations to address these issues, including:
- Requiring manufacturers to publish the prices of their products in a clear and easy-to-compare format.
- Making it easier for parents to switch brands of infant formula.
- Introducing a maximum price for infant formula.
Estimated Savings
The CMA estimates that its recommendations could save parents up to £300 per year on the cost of infant formula. This would be a significant saving for families at a time when the cost of living is rising.
Next Steps
The CMA will now work with the government and other stakeholders to implement its recommendations. The CMA will also continue to monitor the market to ensure that it is working well for parents.
Impact on Parents
The CMA’s recommendations are likely to have a positive impact on parents by making it easier for them to find and compare the prices of infant formula and to switch brands if they wish to do so. This could save parents a significant amount of money each year.
Additional Information
The CMA’s full report is available on the GOV UK website at: www.gov.uk/government/publications/infant-formula-market-investigation-final-report
Infant formula: CMA outlines clear path forward to help parents save hundreds of pounds a year
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