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Shoppers could face £271 rise in annual food bills - Perthshire Chamber of Commerce

Shoppers could face £271 rise in annual food bills

The average food bill could increase by £271 this year as prices continue to rise, research suggests.

Grocery prices were 5.9% higher in April than a year ago, the biggest increase since December 2011, according to research company Kantar.

It said shoppers were turning to discount retailers Aldi and Lidl as pressures on budgets grows.

Supply chain issues, the Ukraine war and rising raw material costs are all contributing to soaring food prices.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: "The average household will now be exposed to a potential extra £271 per year.

"A lot of this is going on non-discretionary, everyday essentials which will prove difficult to cut back on as budgets are squeezed. We're seeing a clear flight to value as shoppers watch their pennies."

Aldi was the fastest growing retailer during the period the data covers, with its sales increasing by 4.2% over the 12 weeks to 17 April.

This was closely followed by Lidl, which was up 4%.

More than one million extra shoppers visited the two retailers respectively over the period compared with this time last year, with both achieving record-breaking market shares, according to Kantar.

Tesco was the only other retailer to increase its market share, growing by 0.3 percentage points to 27.3% of total grocery sales.


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