FOOD prices are rising – but how to costs compare to last year?
Yesterday, Katar revealed that grocery inflation hit 3.5% last month – adding £15 on to the bill of the average shopper.
Here’s how much more you are paying for your groceries at the supermarket
Household finances have been pummelled by food price hikes recently as a cost of living crisis continues.
It’s meant that families are paying more on their weekly shop for essential food items by the end of last year compared to a year previously in 2020, according to market research company Kantar.
Of a shopping basket of 10 popular items Kantar crunched the data on, shoppers were paying £1.98 more for their shopping, up from £27.70 in December 2020 to £29.68 in December 2021.
The findings, based on the spending habits of 30,000 households shopping at supermarkets including Tesco, Asda, Aldi and Lidl, show that last month, grocery price inflation hit its highest level since Spring in 2020.
Kantar head of retail and consumer insight Fraser McKevitt said: “Some of the rise was tempered by retailers prioritising competitive offers over the festive period and supply chain pressures will likely mean grocery prices going up again this year, at least in the short term.”
Fresh meat in particular saw prices soar over the year, with families paying £1.02 (10.2%) more for fresh lamb – up from £10 to £11.02 per kilo.
You’re also paying 65p (8.6%) more for fresh beef – up from £7.55 to £8.20 per kilo.
Shoppers also coughed up 8.5% more for potato crisps, paying 9p (8.5%) more for packs of six bags of crisps, which went up from £1.02 to £1.11.
While savoury snack fans chomping on reformed potato treats like Pringles and Doritos were paying 15p more (13.3%) more for packs of six bags, up from £1.13 to £1.28.
A box of six free range eggs was up 6p (5.1%), from £1.18 to £1.24, and a four pint bottle of semi-skimmed milk had gone up by 4p (3.5%) from £1.15 to £1.19.
The price of a 400g block of cheddar nudged up slightly by 1p (0.6%) from £2.48 to £2.49.
However, not all basic supplies went up in cost.
The price of a 1.5kg packet of plain flour dropped by 7p (10.1%) over the year from 69p to 62p.
It’s bad news for Brits who are already struggling with other bill hikes aside from groceries.
Experts are predicting that the average household energy bill will top £2,000 this year, while hard-up Brits are having to choose between heating and eating this winter.
Rocketing inflation could also see families paying thousands more just to get by, on costs including travel, holidays, and trips out.
How to cut down on the cost of groceries
With prices on the rise, there are ways to beat the hike and pay less for your shopping – here’s how.
Yellow sticker shopping
When food is nearing its use by date, supermarkets often slash prices to shift stock.
Usually, you can spot these discounted goods because they have yellow stickers on them.
Sometimes you can get up to 75% off – it’s worth keeping an eye out next time you’re trawling the aisles.
Supermarkets often try and keep customers coming back to stores by launching loyalty schemes.
For example, you can get vouchers, exclusive money-saving deals and lower prices on grub by signing up.
Use food waste apps
Families can waste hundreds of pounds per year chucking away food that has gone out of date after sitting too long in the fridge.
But there’s plenty of apps you can use to make sure you’re not wasting your money – or help you reduce your shopping bill by buying food nearly past its best.
For example, Kitche keeps track of the food you bought at the supermarket and lets you know when items are getting close to their sell by date – which stops you wasting cash on food.
While the Too Good To Go means you can buy food and treats from shops including Morrisons, Greggs and Pret at a big discount.
Shop at cheaper supermarkets
Shopping at cheaper supermarkets can help shave money off your bill.
Latest research from consumer website Which? revealed that shoppers were spending £10.15 more on their shopping in November last year at Waitrose compared to budget supermarket Aldi.
Check price per quantity
You should check the price per kg/lb/litre when comparing offers on food so you’re making a like for like decision.
This is because although you might be tempted to pick up the box that looks bigger, it might not actually be the best deal.
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