Supermarket shoppers could see their grocery bills rise this year. Customers at retailers like Asda, Tesco, Aldi, Sainsbury's, Morrisons and Lidl could see their annual supermarket bills increase by £454 this year.
This increase follows the second highest food and drink inflation on record. It has been found by the retail research firm, Kanar, that grocery price inflation has increased to 9.9% over the four weeks leading up to July 10, a sharp rise from the previous months 8.3%.
Dog food, butter and milk have seen the fastest increases in price. This is due to supply chain issues and labour pressures, which have been added to the costs in food production, reports The Manchester Evening News.
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Fraser McKevitt, head of retail and consumer insight at Kantar, explained that he expects the overall record for grocery inflation to be surpassed “come August”. Mr McKevitt said: "All this means that people will be feeling the pinch during our first restriction-free summer since 2019.
“Taking a barbecue as an example, buying burgers, halloumi and coleslaw for some al fresco dining would cost you 13%, 17% and 14% more than it would have this time last year.” Due to the soaring temperatures over the last month, supermarkets have also seen a 14% jump in ice cream sales and a 66% rise in sun care products.
Total supermarket sales have increased by 0.1% in the 12 weeks leading to July 10, which is the first time the market has been in growth since April 2021. Aldi and Lidl continue to see rapid sales growth of 11.3% and 13.9% as shoppers turn to them for cheaper prices.
Out of Asda, Morrisons, Sainsbury's and Tesco, Tesco has remained the only one of the four big supermarkets to report growth for the quarter. The figures also revealed that Morrisons witnessed a 6.7% drop for the period.
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