Irish Grocery Sales Fall As Inflation Reaches Nine-Year High
Namnews, 31st May 2022 The latest take-home grocery figures for Ireland have revealed that sales in the country fell by 6.5% in the 12 weeks to 15 May 2022, according to the latest figures from Kantar. The report noted that the drop came as grocery inflation hit 5.5%, marking the first time it has risen above 5% since August 2013. David Berry, Managing Director for Kantar Worldpanel Ireland, noted: “Food and drink prices are continuing to climb, and the impact of this on grocery budgets is now unavoidable for many people. Our research shows the rising cost of living is a key concern for 81% of Irish consumers. A staggering 62% expect that they will have to cut back on the amount of food they buy in response to current prices. We’ll be seeing the effects of inflation for months to come.” Shoppers are shifting their behaviour to manage the cost of buying food, including by turning to cheaper alternatives. Berry explained: “People are now making four fewer trips to the supermarket on aver...