Shoppers Continue To Flock To Discounters As Grocery Inflation Hits New Record High
Namnews, 28th February 2023 Grocery inflation hit 17.1% in the four weeks to 19 February, another record high for the figure measured by Kantar. This drove take-home grocery sales up by 8.8% during the four weeks and by 8.1% over the 12-week period, but volumes continued to decline, and shoppers headed to Aldi and Lidl to save money. “Shoppers have been facing sustained price rises for some time now, and this February marks a full year since monthly grocery inflation climbed above 4%. This is having a big impact on people’s lives,” said Fraser McKevitt, head of retail and consumer insight at Kantar. “Our latest research shows that grocery price inflation is the second most important financial issue for the public behind energy costs, with two-thirds of people concerned by food and drink prices, above public sector strikes and climate change. One quarter say they’re struggling financially, versus one in five this time last year. The numbers speak for themselves. If people don...