Grocery Price Inflation in Great Britain Drops to 3.2%
The decline marks the 14th consecutive month of reduced grocery price inflation, fueled by increased promotional offers and falling prices for essential items.
- Grocery price inflation in Great Britain slowed to 3.2%, the lowest since November 2021, due to promotional offers and price reductions on items like toilet rolls, butter, and milk.
- Promotional deals contributed to significant savings, with shoppers saving an estimated £1.3 billion or £46 per household over the past month.
- Easter promotions drove record sales of confectionery, with spending on sweets and chocolates topping £100 million.
- Supermarkets like Ocado, Lidl, and Aldi saw substantial growth, with Ocado leading the online market with a 12.5% increase in sales.
- The intense competition among supermarkets, including a price war, has been a key factor in maintaining lower grocery prices.