Shoppers warned over £571 supermarket bill as inflation hits new high
manchestereveningnews.co.ukShoppers are now paying an average of £571 extra each year for their food shops. Grocery price inflation hit 12.4% during the past month, up from last month’s previous record of 11.6%, research firm Kantar reported.
The latest figure means that the average annual grocery bill will increase from £4,610 to £5,181. Categories like milk, butter and dog food are rising particularly quickly, at 31%, 25% and 29% respectively, meaning shoppers who don't change their buying habits will be hit with higher food bills.
Aldi, known for its lower prices, has become the fourth biggest supermarket in the UK for the first time as people try to cut costs. READ MORE: Aldi, Tesco and Sainsbury's shoppers in bits after seeing 'unjustifiable' price of own-brand butter Fellow discounter Lidl has also seen a rise in sales, with both supermarkets seeing a rise in market share since September 4.
Additionally, sales of the very cheapest own-label value products are up by 33% on a year ago, with almost one in four baskets containing one of these lines.
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