We have all seen rising prices when it comes to our weekly food basket, but just how much of an increase we've absorbed the situation could get worse. It has been reported that shoppers are now paying an eye-watering £571 more for groceries than a year ago.
Inflation for food has soared to 12.4 percent. What this means when it comes to food budgets is that, on average, people are paying £5,181 a year on groceries - up from £4,610 just 12 months ago. An addition burden especially with fuel and energy price increases.
The figures assume shoppers have kept buying the same products they did previously. Although Nottinghamshire Live has already reported that some shoppers are making the swap to own-brand alternatives or switching to cheaper supermarkets in the midst of the cost of living crisis. The market share of Aldi has gone up 1.2 percent. Sales rose by 18.7% over the 12 weeks to September 4, reaching 9.3% market share, while fellow discounter Lidl increased its sales by 20.9% and its market share to 7.1%.
