Friday 15 December 2017

Basic groceries rise by 12pc in two years– survey

Half of consumers had to cut back on grocery spending in the last year
Half of consumers had to cut back on grocery spending in the last year
Paul Melia

Paul Melia

THE cost of a typical baset of household staples has increased by 12pc in the past two years.

A survey from the Consumers’ Association of Ireland (CAI) found that some products had increased in price by almost 40pc.

It found that the average price of a pack of 80 Lyons Gold Label tea bags (80 bags) was 54c higher than in 2011; a pack of 225g Denny Gold Medal sausages was up 30c while Siúcra sugar is up 38pc from €1.05 in 2011 to €1.45 today.

Only one of the items surveyed had fallen in price – a litre of Avonmore milk which costs €1.14, down 2c.

The survey of 19 branded goods found typical increases ranged from 5.5pc to 38pc.

It found the basket of goods had increased in price from €36.45 to €41.06, meaning households had to spend an extra €240 a year.

It also found that supermarkets typically matched each other for prices.  Aldi and Lidl were not included in the survey.

CAI Chief Executive Dermott Jewell said households could not benefit when there was a lack of competition in the supermarket sector.

He added that most of the 19 products were household staples, which all families would purchase, and called on supermarkets to lower prices.

Online Editors

Promoted Links

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Also in Business