A shopping basket in one of Ireland’s leading supermarkets has risen by 11 per cent in just eight weeks.
s The cost of living crisis continues, a survey by the Irish Independent has found that the prices of everyday groceries continue to rise.
Since the beginning of June, the same basket is 11 items more expensive at Lidl, while a shopping spree at Aldi, Dunnes and SuperValu is now 1 item more expensive, while Tesco prices have remained the same.
Aldi remains the cheapest supermarket and Lidl, while second cheapest, has increased its prices the most since the survey began five months ago.
The same Lidl shopping basket is now 15 percent more expensive than in February, while Aldi’s is 9 percent more expensive.
Tesco’s basket is now 3.4 per cent more expensive, SuperValu’s is 8 per cent more expensive and Dunnes is up 14 per cent.
However, a comparable comparison with these stores is sometimes difficult as some branded items had special offers – for example a box of Rice Krispies is currently on sale for €3.50, whereas previously it was €4.75.
The analysis looked at the prices of bread, milk, butter, pasta, chicken breast, soft drinks, chips, cereal, eggs, tea bags, cheese, ham, yogurt, potatoes, bananas, toilet paper and apples.
For each shop we have stuck to the same brand or closest possible product for each item.
The biggest price increases were observed for dairy and meat products, with milk at Aldi and Lidl now being 26 percent more expensive than in February. Similar walks were introduced in the other stores.
At SuperValu, the signature 375g chicken fillets are now 23 pieces more expensive than five months ago – they’re now €7.39 instead of €5.99.
Tesco and SuperValu have both increased the price of their own-brand butter by 14 per cent, while Greek-style yoghurt is 19 per cent more expensive.
In recent weeks, there has been a strong focus on rising food costs, particularly meat and dairy.
When McDonald’s recently raised prices on its menu, Supermacs owner Pat McDonagh said he’s noticed a significant increase in the cost of some groceries and is encouraging people to buy long-life groceries now amid fears of shortages this winter.
He said he’s seen a 40 percent increase in the cost of chicken and beef for his restaurants.
We are constantly looking for ways to increase efficiencies and reduce costs in our own operations to help offset rising inflation and the rising cost of living
And according to the latest figures from research group Kantar, consumers have cut back on supermarket spending, visiting stores and choosing private label goods as grocery inflation rose to its highest level since August 2008.
John Curtin, Group Buying Director at Aldi, said the Irish grocery market is “experiencing unprecedented cost pressures at this time”.
He added: “Before we make any changes to our grocery prices, Aldi is evaluating all possibilities to absorb additional costs and will only increase the price as an absolute last resort. We guarantee our loyal and valued customers that we always offer unbeatable value for money.”
A Lidl spokesman said the company is doing “everything possible” to keep the price paid by customers as low as possible.
They added: “We consistently look for ways to increase efficiencies and reduce costs in our own operations to help absorb rising inflation and the rising cost of living as best we can.”
A SuperValu spokesman said food cost inflation is being primarily driven by energy cost increases, commodity price inflation and political uncertainty. “Across the business, we continue to look for ways to drive efficiencies across end-to-end costs, including retailer and operational costs,” they said.
“Offering our customers choice and value is our priority.”
Tesco and Dunnes stores were also asked to comment on their grocery prices.
https://www.independent.ie/business/personal-finance/basket-of-goods-in-one-irish-supermarket-has-risen-in-price-by-11pc-since-the-start-of-june-41881064.html The shopping basket in an Irish supermarket has become 11 percent more expensive since the beginning of June