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Grocery price inflation picks up again

By August 20, 2024No Comments

Grocery price inflation has picked up for the second month in a row, according to the latest figures from Kantar.

Prices were 2.8% higher in the 12 weeks to the 4th August – compared to a 2.6% rise in prices in the 12 weeks to 7th July.

The increases follow 15 consecutive months of easing grocery price inflation.

Kantar said there was a contination in the ‘little and often’ trend for shoppers, with visits up 4.7% in the 12 weeks to early August, while the number of packs per trip fell 2.4%.

Shoppers continued to seek savings, with spending on promotions up nearly 11% year-on-year.

Promotional items represented nearly 25% of the value of total sales in the period.

Meanwhile the sale of own label products rose by 4%, or €59.2m, compared to a year previous.

According to Kantar, Tesco had the biggest share of the Irish grocery market in the period – as it grew sales at a slightly faster rate than Dunnes.

Tesco had a 23.3% share of the market in the 12 week period, compared to Dunnes’ 23.2% share.

Supervalu had 20.2% of the market, which was down year-on-year as its sales growth sat well below the market average.

Aldi also saw its market share slip, from 12.6% to 12%, while Lidl held onto its 13.8% share.

Article Source – Grocery price inflation picks up again – Kantar – RTE

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