Competition Authority finds increasingly price-conscious Irish consumers; State must lead in reducing the cost of doing business; Tesco raises prices | Refinancing
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Competition Authority finds increasingly price-conscious Irish consumers; State must lead in reducing the cost of doing business; Tesco raises prices

June 30th, 2009

Competition Authority finds increasingly price-conscious Irish consumers; State must lead in reducing the cost of doing business; Tesco raises prices

The Competition Authority today published its report on the Irish  Retail-related Import and Distribution sector. It finds that increasingly price-conscious consumers are shopping around for the best prices and spurring more competition between retailers and their suppliers. This is causing prices to fall. For example, between January and May 2009 grocery prices fell by over 2%. The Authority says the State must lead in reducing the cost of doing business and price reductions on medicines for consumers must also come from the State.  Meanwhile, supermarket leader Tesco confirmed on Tuesday that it had increased prices of 200 items.

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