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Watchdogs should review possible collusion in inflation price hikes, ECB’s Lagarde says

By Lewis Crofts ( June 5, 2023, 15:44 GMT | Insight) -- Competition authorities should check if price increases in sectors such as agriculture and construction are illegitimate “concerted practices” or are down to normal inflation-driven market dynamics, the head of the European Central Bank has said. Christine Lagarde told a committee of EU lawmakers that certain industries had “taken advantage” of the economic situation in 2022 to push up prices.Competition authorities should check if price increases in sectors such as agriculture and construction are illegitimate “concerted practices” or are down to normal inflation-driven market dynamics, the head of the European Central Bank has said....

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