Grocery price inflation picks up again
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