Tesco has today announced it is locking prices on over 1,000 everyday products until July 5. The retailer has also dropped milk prices for the first time since May 2020 across its stores and online.
The price of Tesco’s most popular milk product, the four pint variety, will drop in price from £1.65 to £1.55 from today. Tesco has announced similar price reductions across its milk range, including dropping the price of a pint of milk from 95p to 90p, and two pints from £1.30 to £1.25.
Tesco will also renew its commitment to its nearly 500 British dairy farmers which make up its Tesco Sustainable Dairy Group (TSDG). The price Tesco pays farmers for their milk is set independently from prices in store, meaning farmers will continue to benefit from a price that reflects the cost of production, which takes into account fluctuations in input costs such as fuel, feed, fertiliser and labour.
