Supermarket inflation is around twice last year’s level with some families paying around €3k more a year
An analysis by Kantar last week showed supermarket inflation was at 5.3pc for the last 12 weeks. Image/Getty
The consumer protection watchdog is reopening a high-level probe into the Irish grocery retail sector following government intervention in a sign of mounting concern over rising food prices.
Grocery-price inflation has outpaced other goods, piling further financial pressure on the public, with many families being forced to spend an extra €3,000 a year due to the surge. The cost of a pound of butter is up over €1 in the last year, with prices for milk, beef, cheese, bread and other staples also having soared.
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