The true price rises of some of the most common foods during the inflation crisis has been revealed. Consumer group Which? has studied the amount staples like cheese, bread and porridge have gone up in just 12 months - and some of the results are shocking.
The consumer champions compared how prices at eight supermarkets - Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose - have changed over the last year. The survey found that some prices had gone up by 80 per cent - showing how households will be struggling to make ends meet.
The biggest increase was for Dragon Welsh Mature Cheddar 180g at Asda, increased from £1 in the three months to the end of March last year to £1.80 across the same period this year – an 80% hike year on year. Which? said that overall inflation on food and drink at supermarkets continued to rise in March to 17.2%, up from 16.5% the month before.
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Cheddar cheese prices increased by an average 28.3% across eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose – compared to a year ago.
The most recent figures show that CPI inflation rose by 10.4% in the 12 months to February 2023, accelerating from 10.1% in January. Many economists had been expecting CPI to slow in February, but the surprise jump came after food and non-alcoholic drinks prices rose by 18% year-on-year.
This month has been dubbed “awful April” due to a string of bill hikes, due to households grappling with rising bills, including broadband, mobile, water and council tax. To help households deal with the impact of rising living costs, many benefits and the state pension have been uprated by 10.1%, alongside a 9.7% rise in the national living wage.
Millions of households receiving means-tested benefits will also benefit from enhanced cost-of-living payments across 2023-24, as part of the support available to households on lower incomes.
Consumer group Which? analysed inflation on more than 26,000 food and drink products at the eight supermarkets, and selected a basket of staple foods including cheddar cheese, sliced white bread, pork sausages, white potatoes and porridge oats to find which of these everyday products had seen the biggest price hikes.
The cost of porridge oats went up by an average of 35.5% across all eight supermarkets compared to the same time last year. However, the worst single example of inflation on porridge oats was at Ocado where Quaker Oat So Simple Protein Porridge Pot Original 49g went from 94p to £1.56 – an increase of 65.5%.
Large 800g loaves of sliced white bread saw an average increase of 22.8%, but The Bakery at Asda Soft White Medium Sliced Bread 800g increased by 67% from 56p to 94p. Average inflation in white potatoes was around 14%, but a four pack of baking potatoes at Morrisons increased from 40p to 66p – a rise of 63.5%.
Pork sausages increased by an average of 26.8% across the supermarkets. However Asda’s Just Essentials budget range of eight sausages increased in price by 73.5% from 81p to £1.40, while Tesco’s value Woodside Farms pack of eight went from 80p to £1.39, a 73.3% increase.
The figures show it continues to be the cheapest products which are being the hardest hit by inflation in percentage terms. Which?’s tracker shows supermarket own-label budget items – which are still the cheapest overall – were up 24.8% in March compared with the same time last year, higher than the 20.5% increase seen on standard supermarket own brands and the 13.8% on branded and premium own brand ranges.
It warned that even value foods, despite remaining a cheaper option, were at risk of becoming too expensive for those on the tightest budgets. Which? is calling on the major supermarkets to act by making budget line items widely available, particularly in areas where people are most in need, and to make pricing and offers more transparent so that people can easily work out which products are the best value.
Sue Davies, Which? head of food policy, said: “Our latest supermarket food and drink tracker paints a bleak picture for the millions of households already skipping meals of how inflation is impacting prices on supermarket shelves, with the poorest once again feeling the brunt of the cost-of-living crisis.
“While the whole food chain affects prices, supermarkets have the power to do more to support people who are struggling, including ensuring everyone has easy access to basic, affordable food ranges at a store near them, particularly in areas where people are most in need. Supermarkets must also provide transparent pricing so people can easily work out which products offer the best value.”
Sarah Pennells, consumer finance specialist at Royal London, said: “Rocketing prices have caused hardship for millions of people across the UK, but it’s been an especially bumpy ride for people with childcare and pet costs.”
She added: “Unsurprisingly, rainy day funds have been depleted and households now face a deft balancing act as they try and make the money they have coming in stretch as far as possible.
“It’s worrying that one in three people are going into the red at the end of the month or borrowing to make ends meet. In these difficult times, it’s important to revisit the family budget regularly and see if there are any further savings you can make on your day-to-day spending. But it’s also important to seek help, whether that’s from your energy supplier or bank, or from a debt advice charity, if you need it. Most organisations would rather you contact them if you’re in difficulty, so don’t be afraid to ask for help.”
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