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Grocery Inflation Remains Stubbornly High At 16.5%

Grocery inflation is slightly slowing but still remains at over 16% since February. Figures from Kan...
Ben Finnegan
Ben Finnegan

12:34 PM - 29 May 2023



Grocery Inflation Remains Stub...

News

Grocery Inflation Remains Stubbornly High At 16.5%

Ben Finnegan
Ben Finnegan

12:34 PM - 29 May 2023



Grocery inflation is slightly slowing but still remains at over 16% since February.

Figures from Kantar have analysed prices in supermarkets for the past three months.

The economy's overall inflation rate is at around 7% over the past year - however in supermarkets since February prices have gone up by 16.5%.

The rate is slightly down from last month, however, it doesn't mean the prices are coming down, but rather the rate the prices are going up is slowing.

Earlier this month, the retail forum met, which includes Government officials and the heads of the main supermarkets in the country on inflation, and how prices can be brought down.

It will meet again next month to check on progress to bring prices down.

These figures from Kantar show shoppers seem to be returning to stores more often with people making on average seven extra trips over the last three months.

The cost of living seems to be biting consumers as sales of own-brand products have increased by 32% in the past year.



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Cost Of Living Grocery Inflation Inflation Shops Supermarket

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