Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of any instances where companies are raising consumer prices above the rate of inflation in order to increase their profits.

The Competition and Markets Authority monitors firms suspected of profiteering to challenge unjustifiable price increases and takes enforcement action where there is evidence that competition or consumer protection law has been broken.

The Government continues to monitor the operation of consumer markets and keeps all options under review to ensure good value and service for consumers.