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    HomeSustainable TravelTesco Is Investigating If Food Companies Are Purposely Hiking Costs

    Tesco Is Investigating If Food Companies Are Purposely Hiking Costs

    According to CNBC, after being unable to come to an agreement on product prices, Tesco quit selling several companies’ items — including Heinz. However, while Heinz and Tesco did eventually reconcile, the grocery store chain reportedly stopped doing business with many other unnamed food suppliers who it claimed were unwarrantedly raising the cost of their items. And Tesco has assembled a special group that’s capable of checking “food input cost against price rises” to combat these companies.

    While Tesco is a British chain, another CNBC article reports that this is likely not just a UK-based issue. As the outlet noted, American grocery stores and producers have also been having “tense discussions” about the cost of food. According to the article, these companies are also alleging their product prices are increasing so drastically because the cost of producing goods…

    Read the full article originally published at news.google.com.

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