According to alarming new research, the cost of food is skyrocketing, with the average household set to pay nearly \u00a3400 more this year just to eat, and Brits opting for own-brand items.<\/p>\n\n\n\n
According to research, households’ annual food shopping bills will increase by \u00a3380 this year due to rising grocery prices.<\/p>\n\n\n\n
According to new data from Kantar, grocery price inflation increased to 8.3 percent in the four weeks ending June 12.<\/p>\n\n\n\n
This is up from 7% in May, and it’s the highest level since April 2009.<\/p>\n\n\n\n
Because of the rising cost of food and groceries, the average annual shopping bill will rise by \u00a3380 this year.<\/p>\n\n\n\n
In the 12 weeks ending June 12, sales of branded products fell 1%, while sales of own-label products increased by 2.9 percent, and sales of value own-label lines increased by 12 percent.<\/p>\n\n\n\n
Sales of own-label lines have been “boosted by Aldi and Lidl’s strong performances, both of whom have extensive own-label repertoires,” according to Fraser McKevitt, Kantar’s head of retail and consumer insight.<\/p>\n\n\n\n
“We can also see consumers saving money by shopping value ranges like Asda Smart Price, Co-op Honest Value, and Sainsbury’s Imperfectly Tasty,” he added.<\/p>\n\n\n\n
Analysts warned earlier this month that supermarket prices could rise by 15% this summer, causing shoppers to skip meals.<\/p>\n\n\n\n
Households will pay more for essentials such as dairy, bread, and meat as inflation rises, according to the Institute of Grocery Distribution (IGD).<\/p>\n\n\n\n
It means that a typical family of four’s shopping bill could rise by as much as \u00a340 per month, according to the report.<\/p>\n\n\n\n
However, there are ways to save money at the supermarket. We’ll go over seven money-saving tips with you.<\/p>\n\n\n\n
Take the “downshift” challenge and see how far you can get.<\/p>\n\n\n\n
Try the “downshift” challenge, which involves replacing more expensive branded goods with less expensive supermarket-owned labels.<\/p>\n\n\n\n
It’s estimated that you could save around 30%.<\/p>\n\n\n\n
This means that if you spend \u00a3100 on food each week, you could save \u00a330, or \u00a3120 over four weeks.<\/p>\n\n\n\n
If you stick to the less expensive brands, you could save more than \u00a31,500 over the course of a year.<\/p>\n","protected":false},"excerpt":{"rendered":"
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