Shoppers share worst of supermarket price hikes as cost of living hits 40-year high
In a widely shared tweet, consumers comment on the price increases in their weekly shopping baskets. What are the biggest price increases you’ve noticed?
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Supermarket shoppers have shared the worst price increases they have seen yet as the cost of living crisis continues to plague families.
Prices are rising at the fastest rate in 40 years as UK inflation was confirmed to have hit 9% last month.
The rise means inflation is at its highest level since comparable levels in 1982.
In a widely shared tweet, consumers comment on the price increases in their weekly shopping baskets.
At the beginning of the thread, a supermarket worker said: “Part of my job is putting out the new labels on the supermarket shelves; There are some shocking climbs.
“The worst: Lurpak widened from £3.80 to £5.05.”
His tweet, which was liked more than 14,000 times and retweeted more than 3,000 times, sparked a flood of comments from families who had had similar experiences.
One chef replied: “My main job is a chef. Vegetable oil was £18.99 for 20 liters a month ago. Now it costs €48.99.
“Even the simplest things like chips have to go up just to factor in the price of oil.”
Another shopper tweeted: “Loaf of Hovi’s ‘Best of Both’ bread at Lidl has risen to £1.10 from 99p a few weeks ago – that’s up 11%.”
A third person said: “One I noticed in Waitrose last week – sliced meat often buys two for £5, now £5.50 but the downside was it was five slices a pack in the past, now four .
“So a 10% price increase and a 20% reduction in pack size.”
Have you noticed price increases in the supermarkets? Let us know in the comments below.
Another replied: “Cat food at the local Sainsbury’s was £3.30 for six, now £4.50 for six! Seems to sneak weekly.”
Data from market researcher Kantar showed headline food price inflation hit 5.9% last month – and warned shoppers could pay an extra £271 this year.
The big bosses of the supermarkets have warned their shoppers about rising food prices.
M&S chairman Archie Norman said last week food prices could rise by as much as 10% this year.
He told BBC Radio 4’s Today programme: “It wouldn’t be surprising if food price inflation came in at 8% to 10% over the course of the year.
“But we don’t know that yet because it’s been running all year, some things have gone through now, but some more are still to come.”
Asda’s boss has also warned of further food price hikes.
Lord Stuart Rose urged the government to help more after ministers and the Bank of England were too slow to react to inflation.
It comes after the head of Co-Op supermarkets warned that “chicken could become as expensive as beef for the first time in decades” if feed prices rise.
https://www.mirror.co.uk/money/shoppers-share-worst-supermarket-price-27019936 Shoppers share worst of supermarket price hikes as cost of living hits 40-year high