Unpacking Competition Commission Has Published Its Inaugural Cost Of Living Report
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GUEST: Raksha Darji, Senior Economist At The Competition Commission
In July 2020, the Competition Commission (Commission) published its inaugural Essential Food Price Monitoring (EFPM) Report, which systematically observed and tracked the prices of selected essential food items across their entire value chain from farm production through to retail outlets.
The primary objective of the EFPM Report was to monitor price movements for staple food items, with the aim of identifying market inefficiencies, analysing pricing dynamics at each stage of the value chain, and ensuring transparency in price transmission between producers, processors and retailers. The Commission has now expanded the scope of its price monitoring framework, restructuring the EFPM Report into the Cost of Living (COL) Report.
In July 2020, the Competition Commission (Commission) published its inaugural Essential Food Price Monitoring (EFPM) Report, which systematically observed and tracked the prices of selected essential food items across their entire value chain from farm production through to retail outlets.
The primary objective of the EFPM Report was to monitor price movements for staple food items, with the aim of identifying market inefficiencies, analysing pricing dynamics at each stage of the value chain, and ensuring transparency in price transmission between producers, processors and retailers. The Commission has now expanded the scope of its price monitoring framework, restructuring the EFPM Report into the Cost of Living (COL) Report.
