CMA to investigate possible price collusion in baby formula milk industry

Another competition policy story with the Competition and Markets authority going to investigate baby formula manufacturers, after a preliminary report saw the price of baby formula had increased by 25% over the last two years, which might have cost many families an extra £500 in the first year of their baby's life.

The market is effectively a duopoly - with food giants Danone and Nestle - accounting for 71% and 14% of the UK market, respectively. It is feared that they might have colluded to drive up the price of formula and not provided perfect information to parents.