The Czech Competition Authority just announced that it will open
a fast-track sector inquiry focused on the prices of four basic
food items. While the items remain undisclosed, it is generally
presumed that the inquiry follows political pressure regarding
price increases of items like sugar, flour, butter, bread or milk.
The focus of the inquiry will be on margins in all stages of the
food supply chain. The Authority aims to identify why price
increases in the four food items have even exceeded the latest
inflation rates and whether there are unjustified margin increases
on any level of the supply chain.
According to sources, the Authority aims to close the inquiry by
the end of April this year, meaning that the next two months will
be very intense both for the Authority and addressees of the
Authority's requests for information. Given the scope of the
inquiry, aimed as it is at all levels of the supply chain, probably
more than a hundred requests for information