The COST of a weekly shop will increase by €15 annually, which is expected to be higher for many people.
Groceries are estimated to cost an extra €780 over the course of the next year.
The latest Kantar figures show grocery sales in Ireland were worth €3.1 billion in the 12 weeks to December 26, 2021.
The CSO study shows that the price of bread has increased by 5.3% over the past year, while pasta is up 6.4% and poultry is up 3.5%.
Coffee and tea prices rose 2.5% and 1.9% respectively while butter, vegetable oil and olive oil rose 4.4%.
Consumer prices rose 5.5% in the year to December, the biggest increase in 20 years, the CSO said.
These rallies happen every year, but the majority of the rallies have been recorded in the last month.
The value of the grocery market is down 5.2% from record sales in 2020.
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However, sales were up 10.9% from two years ago and were worth €3.1 billion during the period.
Meanwhile, Kantar retail analysts put grocery market inflation at 1.2% for the 12-week period to December 26, the highest inflation rate on record since February. 2020.
Emer Healy, Senior Retail Analyst at Kantar explains that shoppers are eager to spend during Christmas.
Shoppers spent an extra 3.1 million euros on the larger Christmas dinner, including an extra 1.9 million euros on whole turkeys.
“More customers means more people going to the supermarket will have more trips before Christmas,” Healy said.
Shoppers are eager to make up for lost time last year and are willing to spend a little more on the big day itself to make it special.
An additional 3.1 million euros was spent on Christmas dinners, with sales of whole turkeys increasing by 1.9 million euros as the public flocked to a gallery.
“However, not every carnival-lover is so lucky and sales of Brussels sprouts are down 1.4%, with just three-fifths of Irish households taking them home this month.”
Meanwhile, alcohol sales are down 22.9% over the past 12 weeks, but are up at Christmas compared to 2019.
Healy attributes the increased pub hours: “Pubs were only open for three of the last twelve weeks of 2020, resulting in unusually high alcohol sales at supermarkets and independent stores.
“This year will always be hard to compare to that, but the numbers are still positive compared to pre-pandemic.
“Non- and low-alcohol options have an even stronger performance as the market value is up 12.2% year over year.
“Young people are especially buying alcohol-free and low-alcohol products and the sector has real potential to grow this year, especially as it will be driven by the exemption from the minimum unit price and the separate reserve rules.”
Online grocery sales continue to grow as nearly a fifth of Irish households buy their groceries digitally.
Almost 17% of Irish households have purchased groceries online in the past 12 weeks, with sales soaring 9.3%.
Healy explains: “The Irish public has really embraced online shopping and more and more people are relying on delivery services to get what they need.
“Online is far from the ceiling. We’re still seeing new buyers converting, and those shoppers are also buying larger and larger baskets.”
https://www.thesun.ie/money/8254112/weekly-shop-ireland-cost-climb-utility-bills/ Weekly groceries up €15 in Ireland while annual utility bill costs up €500, new figures reveal