The CMA’s action to help contain cost of living pressures
More information about how the CMA is helping contain cost of living pressures.
The rising cost of living continues to put huge pressure on people’s daily lives, right across the UK. Rising to a 41-year high in 2022, inflation has been at around 10% since last summer. This means the goods and services we all buy cost us more.
The CMA’s purpose is to promote competitive markets and tackle unfair practices, with a particular focus on areas where people spend the most time and money, and those who need help the most. Many of the factors driving up prices are global in nature and unrelated to levels of competition. But it’s our job to make sure competition is working to contain price rises in markets for the essential goods that people depend on. And to protect people and fair-dealing businesses by ensuring that companies don’t take advantage of general cost of living pressures for their own benefit.