Key facts
- 70% of UK voters believe supermarkets are making excessive profits from food inflation.
- Food inflation rates are slowing.
- The Chancellor has warned retailers against price gouging.
A new poll has revealed that a significant majority of UK voters, specifically 70%, believe that supermarkets are engaging in excessive profit-making during the period of food inflation. This public perception exists even though evidence suggests that food inflation is slowing down. The Chancellor has publicly cautioned retailers, warning them against engaging in price gouging practices. The poll highlights a disconnect between public belief and current economic trends regarding supermarket profits and food prices.