Suppliers for retailers increase prices by more than double inflation

Suppliers to retailers have raised prices at more than double the rate of inflation.

Some have asked for up to 30 percent more even though their own costs have only increased by 15 percent, according to business management consultant Inverto.

Boss Sushank Agarwal said some “used inflation to increase their profit margins.”

Last month, household titans behind some of Britain’s favorite brands – including Heinz beans and Head & Shoulders shampoo – were accused of ‘greed’ after cashing in monster profits while slapping customers with higher prices.