Funeral firms slammed for hiking prices at TWICE the rate of inflation
The CMA has now opened an investigation into the market following anIt says it's too early to say what action - if any - it might take, with its final report due by September 27, 2020.Its research found that the average cost of a funeral in 2018 was £3,757.
Louise Eaton-Terry, the firm's funeral cost expert, said: “High funeral costs have forced thousands of grieving families into debt so a market investigation into the funeral industry is long overdue and welcome. "The costs of arranging a funeral are opaque and we have been calling for the industry to make their pricing clear and transparent to ensure those arranging a funeral fully understand the options available.”
A CMA spokesperson added: “Based on the consultations from the funerals market study, we have progressed to a market investigation in order to examine the concerns we have identified more closely.
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