finance

Food giants leave families struggling by ramping up baby formula prices


FOOD giants are heaping pain on struggling families by ramping up the price of baby formula.

It means Healthy Start vouchers no longer cover the cost of even the cheapest versions on the market.

Baby food is rocketing in price, leaving some families struggling

1

Baby food is rocketing in price, leaving some families strugglingCredit: Getty

There are now calls for the competition watchdog to investigate the manufacturers.

The cost of the cheapest brand — Aldi’s Mamia range — has risen 46 per cent in two years to £9.39 for an 800g tin, according to First Step Nutrition.

Meanwhile, big brands such as Aptamil, Cow & Gate, SMA and HiPP have hiked prices by up to 31 per cent.

SMA’s Advanced Milk now costs £17.50 for 800g.

Fears food prices could rise even higher after major flooding in Ukraine
Hunt tries to ease panic as inflation is highest in western Europe

Healthy Start vouchers — introduced in 2006 to help low- income families — have not risen in line with inflation and, at £8.50 a week, no longer cover the cost of the cheapest tin.

Vicky Sibson, director at First Step Nutrition, said: “Formula is typically really expensive to buy — and the price gap between brands is enormous.

“This is unjustified, especially when there are clear signs that formula companies have been protecting their profits while raising prices.”

A spokesman for Danone, which makes Aptamil and Cow & Gate formula milk, said: “We’ve tried to absorb costs wherever we can so we can offer the best value to parents.”





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.