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Two major supermarket chains cut price of baby formula | Business News

Asda and Tesco have joined Iceland in reducing the cost of Aptamil baby formula.

Asda also said it will let customers pay for baby formula using their rewards scheme vouchers for the first time.

It comes amid a Competition and Markets Authority (CMA) investigation into formula products over fears they are particularly vulnerable to price shocks.

The CMA found a 25% uplift in price over two years.

Last year, Sky News revealed the desperate measures families were taking to feed their babies because of high prices at the shops during the wider cost of living crisis.

Producers of baby formula have all blamed higher factory costs, including ingredients and energy.

But last week Iceland said it would be cutting the cost of Aptamil from 16 January after manufacturer Danone, which also makes the Cow & Gate brand, agreed to reduce the price at which it offers its Aptamil powdered formula to retailers by up to 7%.

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Are shoppers being ripped off?

Asda said it would cut the price of six Aptamil lines “the majority by an average of 7%”.

Tesco said it was to cut the price of five Aptamil products by between 80p and £1 from Tuesday.

More on this story:
Baby formula prices a ‘catastrophe’ for families
Govt response to baby milk crisis ‘inexcusable’

Asda’s chief commercial officer, Kris Comerford, said: “For many of Asda’s customers, and families nationwide, we understand that buying baby formula is a vital necessity in their weekly shop, which is why we’re taking swift action to pass on falling manufacturing costs to customers before any other retailer.

“At the same time, we’ve decided to remove exclusions on using Asda rewards vouchers to pay for baby formula as we want to do everything we can to help families…

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This notice was published: 2024-01-15 19:33:00

By Sky News

Sky News is a British 24-hour information television channel, the first in Europe of its kind, launched on February 5, 1989 by the British Sky Broadcasting Company.

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