UK shoppers seek deals as grocery price inflation rises again
Summary
Grocery prices in the UK have increased by 2.5% compared to last year, leading shoppers to use special offers more to manage their costs. Spending on promotions rose by over £250 million, helping people afford pricier items amid rising inflation and high petrol prices.Key Facts
- UK grocery prices rose 2.5% in the four weeks to 4 October, up from 2.3% the month before.
- Shoppers spent over £250 million more on special offers compared to last year.
- More than half of shoppers are very worried about rising petrol prices, which affect household budgets.
- Chocolate prices fell by 3% from last year, helping families during Halloween and the upcoming festive season.
- About 1.2 million UK households bought pumpkins, a 10% increase from last year.
- Lidl grew its market share to 8.6%, with sales up 7.1%, led by fruit, vegetables, and wine.
- Ocado's sales rose 12.4%, higher than overall online grocery sales at 5.5%.
- Tesco and Sainsbury’s hold 27.8% and 15.2% market shares, with small sales increases of 1% and 1.3%.
- Aldi and Asda maintain market shares of 10.5% and 11.5%, with Aldi sales slightly up by 0.4%.
- Marks & Spencer grocery sales increased by 14.9%.
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