Grocery Inflation Still Almost Double Estimates For Rest Of Economy

Grocery Inflation Still Almost Double Estimates For Rest Of Economy

Grocery inflation was measured at 7.1% in the three months to Christmas.

It's still well above the level of inflation recorded in the rest of the economy.

Last year, grocery inflation was measured at more than 15% according to Kantar.

That rate has fallen by half - which can be seen as a positive - however it's still almost double the economy's inflation rate which is estaimated at around 3.7%.

There was a record spend on grocerys in December which was measured at €1.4 billion - while there was also a record number of trips made to the shops.

Consumers were looking for a bargain according to Kantar - with 29% of the spend between the end of September and end of December being on promotional items.

The busiest day over Christmas in supermarkets was Friday December 22nd.