Many people across the nation have observed the coronavirus epidemic causing retailers to manipulate consumers by significantly increasing their paracetamol and hand sanitizer prices.
As a result, those retailers have been cautioned by the Competition and Markets Authority (CMA), who will continue to track the information it obtains to determine whether it should encourage the government to consider taking price control measures.
“The CMA will continue to track the information it obtains to determine whether it should encourage the government to consider taking price control measures.“
Chief Executive of the CMA, Andrea Coscelli, stated: “We urge retailers to behave responsibly throughout the coronavirus outbreak and not to make misleading claims or charge vastly inflated prices.”
Chief Officer of Nottingham and Doncaster LPCs, Nick Hunter, stated: “At the moment I’ve got no one saying there are any more shortages than they are normally getting, but I think there probably will be at some point, just because any disruption to the system has the risk of creating shortages. It’s a complex system and pricing is complex, so it doesn’t take a lot to tip it.”