Grocery inflation in Ireland hit a record 16.4%, according to the latest data released by Kantar.
The rapid growth in prices is reflected in the change in the rate of inflation from a year ago when it was at 2.4%.
Consumers continue to shop for bargains, with the data showing the biggest growth in the grocery space was for supermarket own-brand labels, with value own-labels (the very cheapest products) growing 36% year on year.
ADVERTISEMENT
This switch to lower-cost brands means that consumers are managing their personal inflation levels lower.
The calculated 16.4% presumes there is no substitution of goods by shoppers, whereas the increase in market share of cheaper brands shows substitution is occurring.
Dunnes remains the number one grocery supplier by market share at 23.6%, while Lidl and Aldi's combined market share was at 24.3% in the period.
Kantar also noted a large decline in sales of tomatoes and cucumbers during the period due to product shortages.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Grocery inflation in Ireland hit a record 16.4%, according to the latest data released by Kantar.
The rapid growth in prices is reflected in the change in the rate of inflation from a year ago when it was at 2.4%.
Consumers continue to shop for bargains, with the data showing the biggest growth in the grocery space was for supermarket own-brand labels, with value own-labels (the very cheapest products) growing 36% year on year.
This switch to lower-cost brands means that consumers are managing their personal inflation levels lower.
The calculated 16.4% presumes there is no substitution of goods by shoppers, whereas the increase in market share of cheaper brands shows substitution is occurring.
Dunnes remains the number one grocery supplier by market share at 23.6%, while Lidl and Aldi's combined market share was at 24.3% in the period.
Kantar also noted a large decline in sales of tomatoes and cucumbers during the period due to product shortages.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS