UK Families Pay ‘Over the Odds for’ Infant Formula, CMA Says (1)

The UK’s competition watchdog has raised further concerns that British families are paying too much for infant formula, despite choosing not to escalate its probe earlier this year.

Unlike with other foods, “there is little pressure on manufacturers or retailers to shelter customers from increases in manufacturing costs, which have largely been passed on quickly and in full,” the Competition and Markets Authority said Friday.

French dairy group Danone SA, Kendal Nutricare Ltd. and Swiss food giant Nestle SA dominate the formula market in the UK with a market share of more than 90%. According to a CMA analysis, ...