More families are now buying own-brand products and shopping in discount stores in order to reduce the costs of the weekly grocery shop.

According to figures from EY, more than half of Irish households said that price is a significant factor when deciding what to buy, and nearly half said that they use discount stores to reduce spending.

Charlie Weston, Personal Finance Editor with the Irish Independent, joined Matt on The Last Word.

Hit the ‘Play’ button on this page to hear the chat.