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Bargain hunters visiting supermarkets four times a week | Bargain hunters visiting supermarkets four times a week |
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The average household is visiting the supermarket more than four times a week as they seek deals to beat the soaring cost of living, research suggests | The average household is visiting the supermarket more than four times a week as they seek deals to beat the soaring cost of living, research suggests |
Analysts from Kantar said grocers faced tough competition, and that if people do not like prices in one store "they will go elsewhere". | Analysts from Kantar said grocers faced tough competition, and that if people do not like prices in one store "they will go elsewhere". |
It comes as grocery prices rose at a record rate in March, climbing 17.5% compared with a year earlier. | It comes as grocery prices rose at a record rate in March, climbing 17.5% compared with a year earlier. |
Prices are rising fastest for eggs, milk and cheese, Kantar said. | Prices are rising fastest for eggs, milk and cheese, Kantar said. |
"Shoppers are taking action and clearly hunting around for the best value," said Fraser McKevitt, head of retail and consumer insight at the research firm. | "Shoppers are taking action and clearly hunting around for the best value," said Fraser McKevitt, head of retail and consumer insight at the research firm. |
He said the frequency at which people were visiting supermarkets was the highest it had seen since the start of the pandemic, apart from Christmas. | He said the frequency at which people were visiting supermarkets was the highest it had seen since the start of the pandemic, apart from Christmas. |
He added that supermarkets are "battling it out" to show value and lure customers through their doors. | He added that supermarkets are "battling it out" to show value and lure customers through their doors. |
"This is a fiercely competitive sector," Mr McKevitt said, adding that the average consumer was visiting three or more of the top 10 retailers in any given month. | "This is a fiercely competitive sector," Mr McKevitt said, adding that the average consumer was visiting three or more of the top 10 retailers in any given month. |
It comes as separate research by the British Retail Consortium (BRC) found the prices of chocolate, sweets and fizzy drinks have shot up ahead of the Easter holidays. | It comes as separate research by the British Retail Consortium (BRC) found the prices of chocolate, sweets and fizzy drinks have shot up ahead of the Easter holidays. |
Why are prices rising so much? | Why are prices rising so much? |
How much are prices rising for you? Try our calculator | |
It said fruit and vegetable prices had also climbed due to availability issues, after bad weather hit harvests in Spain and North Africa. | It said fruit and vegetable prices had also climbed due to availability issues, after bad weather hit harvests in Spain and North Africa. |
Chief executive Helen Dickinson said: "Food price rises will likely ease in the coming months, particularly as we enter the UK growing season, but wider inflation is expected to remain high." | Chief executive Helen Dickinson said: "Food price rises will likely ease in the coming months, particularly as we enter the UK growing season, but wider inflation is expected to remain high." |
Food prices have surged in the last year as soaring energy prices drove up the cost of production and supply chains were disrupted. | Food prices have surged in the last year as soaring energy prices drove up the cost of production and supply chains were disrupted. |
According to the Office for National Statistics (ONS), food prices in February rose at their fastest rate in 45 years, driven in part by fruit and vegetable shortages. Alcohol prices in restaurants and pubs also rose. | According to the Office for National Statistics (ONS), food prices in February rose at their fastest rate in 45 years, driven in part by fruit and vegetable shortages. Alcohol prices in restaurants and pubs also rose. |
How can I save money on my food shop? | How can I save money on my food shop? |
Look at your cupboards so you know what you have already | Look at your cupboards so you know what you have already |
Head to the reduced section first to see if it has anything you need | Head to the reduced section first to see if it has anything you need |
Buy things close to their sell-by-date which will be cheaper and use your freezer | Buy things close to their sell-by-date which will be cheaper and use your freezer |
Read more tips here | Read more tips here |
The ONS said this had led to a surprise jump in overall inflation, which reached 10.4% in the year to February from 10.1% in January. | The ONS said this had led to a surprise jump in overall inflation, which reached 10.4% in the year to February from 10.1% in January. |
It prompted the Bank of England to raise its interest rates - already at their highest level for 14 years - from 4% to 4.25%, in the hope of cooling price rises. | It prompted the Bank of England to raise its interest rates - already at their highest level for 14 years - from 4% to 4.25%, in the hope of cooling price rises. |
The Office for Budget Responsibility, the government's forecaster, predicts inflation will fall below 3% this year as food and energy prices rise less quickly. | The Office for Budget Responsibility, the government's forecaster, predicts inflation will fall below 3% this year as food and energy prices rise less quickly. |
However, the Bank of England governor last week warned firms not to put up prices faster than inflation, suggesting it could drive up the cost of living even further. | However, the Bank of England governor last week warned firms not to put up prices faster than inflation, suggesting it could drive up the cost of living even further. |
"I would say to people who are setting prices - please understand, if we get inflation embedded, interest rates will have to go up further and higher inflation really benefits nobody," Andrew Bailey told the BBC's Today programme. | "I would say to people who are setting prices - please understand, if we get inflation embedded, interest rates will have to go up further and higher inflation really benefits nobody," Andrew Bailey told the BBC's Today programme. |
What steps have you taken to keep your shopping costs low? Share your experiences by emailing haveyoursay@bbc.co.uk. | What steps have you taken to keep your shopping costs low? Share your experiences by emailing haveyoursay@bbc.co.uk. |
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Related Topics | Related Topics |
Inflation | Inflation |
Cost of living | Cost of living |
Shopping | Shopping |
Chocolate | Chocolate |