TESCO has put the price of a meal deal up for the first time in over a decade, with the change set to come into force in days.
The move comes as the UK continues to suffer with high levels of inflation – which is currently at a 40-year high thanks to soaring food prices.
According to industry data, food inflation hit a record 13.9% last month.
Now, rather than it costing £3 for a Clubcard members to pick up a sandwich, snack and a drink, the supermarket giant will charge £3.40.
For those without the loyalty card, the price will go all the way up to £3.90.
Tesco says it is “inflating a little bit less and a little bit later” than its competitors.
It comes as other food firms have put prices up for consumers as inflation bites. Earlier this year, McDonald’s put up the cost of its cheeseburger for the first time in 14 years.
Tesco warns of falling profits amid 'significant' inflation
Earlier this month, the supermarket revealed falling half-year profits and warned that annual earnings will be towards the lower end of expectations.
The group warned of “significant” inflation pressures and a return in food shopper habits to those seen before the pandemic, which it said were being compounded by customer moves to rein in spending amid the cost-of-living crunch.
It now expects annual underlying retail earnings of between £2.4 billion and £2.bn – the lower end of previous guidance for between £2.4bn and £2.6bn and a fall from the £2.7bn notched up in the previous year.
It comes as other food firms have put prices up for consumers as inflation bites. Earlier this year, McDonald’s put up the cost of its cheeseburger for the first time in 14 years.
