Competition authorities launch investigation into funerals market
The Competition and Markets Authority (CMA) is to launch a full-scale investigation into the funerals sector focusing on the above-inflation price rises for more than a decade.
The cost of a funeral has increased on average by 6% each year for the last 14 years, twice the rate of inflation and a cause for concern for the competition authorities.
This is exacerbated by the "vulnerability of many people when organising a funeral", the CMA said, which it believes makes it easier for firms to charge higher prices.
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