Consumers face more than €450 increase in annual grocery spending as inflation hits 9-year high

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Grocery take-home sales fell 4.9% in the 12-week period to June 12 as grocery price inflation hit 6.5%, the highest level since February 2013.

The latest data from Kantar revealed that higher prices could increase average annual grocery bills by €453, €100 more than the figure forecast in early May.

Some of the steepest price increases were seen in essential items such as butter, eggs, bread and flour.

Kantar found that shoppers now, on average, make three fewer trips to the supermarket compared to the same period last year.

With many shoppers gained during the Covid-19 lockdowns, the research also found that online grocery shopping continues to grow, with sales up 9.3 per cent in June.

Dunnes Stores and Tesco were the strongest performers over the 12-week period, with both supermarkets now holding a 22.1 per cent market share, while Supervalu was third with 21.7 per cent.

Lidl and Aldi shares, up 13.2 and 12.3 percent respectively, were largely unchanged compared to figures for the same period in 2021.



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