The price gap isn't as big as it used to be. They don't have it all their own way though. With no grocery home delivery service, the discounters didn't have a great pandemic, but they're now clearly back on form.Īccording to Kantar, the grocery market is worth around £131bn, and both chains together have now nabbed 16% of it.Īldi is adding more than a billion pounds of sales a year at this current rate of growth. This feels like a real moment in the supermarket aisles.Īldi and Lidl have been steadily stealing customers and growing market share driven by hundreds of new store openings.Īnd they're still expanding, unlike their bigger rivals.
Nevertheless, Kantar said food price rises will push up the average annual grocery bill by £571 to £5,181.Īnalysis box by Emma Simpson, business correspondent Shoppers are also cutting back on spending by buying more own-brand products, with sales of the very cheapest value own-label products up by a third compared to last year. "Shoppers are taking steps to manage their budgets including broadening the range of stores they visit, with the discount grocers benefiting." "It seems there's no end in sight to grocery inflation as the rate at which food and drink prices are increasing continues to accelerate," said Kantar head of retail and consumer insight Fraser McKevitt. UK inflation: Food costs push price rises to new 40-year high
What is the UK inflation rate and why is the cost of living rising? Inflation in the UK has been rising at its fastest rate for 40 years as food prices climb with living costs eating into household budgets. Milk, butter and dog food prices were rising especially quickly. Kantar said food price inflation hit a record 12.4% in August.
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