Grocery price inflation continues to ease – Worldpanel

grocery-price-inflation-continues-to-ease-–-worldpanel

Grocery prices went up by 3.8% in the four weeks to 9 August, down 2% versus the same period last year, bringing welcome news for Irish shoppers.

New data from Worldpanel by Numerator shows that grocery inflation eased again last month, with like-for-like grocery prices up 3.87%.

As inflation eased, spending rose by 5.8% in the same period, as consumers enjoyed the summer heatwave at home.

Emer Healy, Business Development Director at Worldpanel by Numerator, said: “The impact of the weather on shopping habits was also reflected at a category level, with typical summer fare seeing a boost over the latest 12-week period.

“Irish shoppers raised a glass to the sunshine, spending nearly €197 million on alcoholic beverages, up 5.6% versus last year.

“Shoppers spent an additional €36.1 million on goods typically associated with warmer weather, including soft drinks, antipasti, ice cream and suncare,” said Ms Healy.

Branded goods continued to perform strongly, growing 12.2% in value and adding €200 million this period, with value share hitting 49.8%.

While Own label grew more modestly at 4.3%, adding €71 million.

Premium own label ranges also held their own, up 13.6% in value, with shoppers spending an additional €19 million on retailers’ own ranges.

Over the last 12 weeks Lidl saw the highest growth at 14.8% up 10.3% versus last year.

Dunnes holds continues to hold the largest market share at 24.1% market share, with year-on-year sales growth of 8.4

Its followed closely by Tesco holding 23.8% of the market, with year-on-year value growth of 7.9%.

SuperValu holds 19.4% share and grew this by 3.8% on the previous 12 weeks.

While Aldi holds 10.9% market share.

Leave a Reply