Major supermarkets have cut costs of ingredients such as bread following a meeting in the Dail.
Representatives from leading supermarkets were invited to the Dail yesterday as concern grows over inflation. Politicians such as Sinn Fein TD Louise O'Reilly previously estimated that shopping bills could increase by as much as €1,200 per year, if current prices remain unaltered for consumers.
Tesco has already slashed its bread prices by 10 percent, alongside Aldi. The price change in Aldi will apply to all its own brand bread products.
READ MORE: Cost of living: Sex workers receive Tesco vouchers through support scheme
Lidl and Supervalu have also introduced similar reductions as pressures mount on retailers. The cost of butter has also dropped by around 40c across the market since last week, the Irish Mirror reports.
However, the reductions faced some criticism in the Dail today. Labour's finance spokesperson Ged Nash blasted the changes as mere "PR exercises" and demanded more effective action from government on cutting grocery costs.
Mr Nash told RTE's Morning Ireland: "There were no ultimatums given to the supermarket bosses during yesterday's meeting. It's also a matter of interest for the CPCC how all the supermarkets can reduce prices on basic products at the same time."
The government wants to see more price reductions rolled out in stores over the next six weeks. Mr Nash has accused supermarkets of "price gouging" as inflation continues to affect struggling families.
READ MORE
- -Thousands of Dublin households to be hit with extra bin charges from tomorrow
- Social welfare Ireland: €100 bonus cost of living payment due this summer
- 'He's become a regular now' - Bruce Springsteen delights staff at iconic Dublin chipper
- Traveller senator distraught after taxi refuses to take her home to halting site
- Two-day BBQ Festival in Dublin City Centre featuring live music & comedy shows
Sign up to the Dublin Live Newsletter to get all the latest Dublin news straight to your inbox.
