Grocery price inflation falls to 5 month low – Kantar

October 18, 2023

Grocery price inflation in the Irish market has fallen to a five month low, but prices are still going up steeply.

That is according to the latest figures from data consultancy Kantar, which says grocery inflation here was 10.5% in the 12 weeks up to October 1.

That rate is down on the previous period when it sat at 11.3%.

Even though the latest figure represents a drop in inflation for the fifth month in a row, the latest increase will add €176 to an average shopping bill across a full year.

That would bring bills from €1,677 to €1,853 according to Kantar.

Reflecting the ongoing trend of consumers seeking out cheaper products, own label good sales rose by 11.5% in the last three months, compared with growth of branded goods of just 5.1%

The figures also show Dunnes Stores is the most popular supermarket outlet with 23.3% of market share.

It is followed by Tesco at 22.5%, SuperValu at 20.6% and Lidl and Aldi on 13.5% and 12.3% respectively.

Kantar figures are based the grocery purchasing habits of 5,000 households in Ireland.

Article Source: Grocery price inflation falls to 5 month low – Kantar – Joe Mag Raollaigh – RTE

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