Grocery price inflation hits 4.69% in October
Grocery price inflation in Ireland reached 4.69% in the 12 weeks leading up to October, according to Worldpanel by Numerator. While shoppers are increasingly using promotions to manage costs, branded goods continue to see strong sales growth.
Why it matters
Rising food costs impact household purchasing power and reflect broader economic trends in the retail sector.
Agriculture & Consumer Affairs Correspondent
Grocery prices across the main supermarkets rose by 4.69% annually in the 12 weeks to 4 October, latest figures for the sector indicate.
According to the research from Worldpanel by Numerator, the yearly inflation rate for groceries is up from 4.28% for the previous 12-week period.
However, the study notes "shoppers are likely to achieve a lower personal inflation rate if they trade down or seek out more offers".
The Worldpanel figure for grocery inflation is considerably higher than the latest official figures from the Central Statistics Office, which found that food prices increased by just 0.4% in the year to September.
Meanwhile, according to the Worldpanel findings, consumers made "more frequent but smaller trips" in the four weeks to 4 October, with "store visits up 2.9% but the number of items purchased per trip down 5.7%".
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in