Axfood AB (publ) (AXFO.ST)

Sweden sees 'cause for concern' on retailer margins as food prices surge

Sweden's competition authority has expressed concern about margins being charged by supermarkets and wholesalers as it probes possible profiteering in a country that saw the largest food price increases in the Nordics this year. Food inflation is a key driver of the cost-of-living crisis in a number of European countries, forcing some to impose price caps on certain food items to help struggling consumers. France's biggest food companies have pledged to cut prices on hundreds of products from next month after being threatened with financial sanctions if they didn't.