Grocery inflation rises to near 6pc as shoppers opt for promotions to keep costs down
News Source : Independent.ie
News Summary
- Grocery prices are now rising at close to 6pc, putting a huge strain on household budgets.
- Irish shoppers spent €735m on promotional lines during the latest 12-week period.
- This is a 9pc increase compared to the previous year.Higher spending on promotional items was recorded for alcohol, frozen foods and household items.
- Researchers said this was due to a host of festivals, sell-out concerts and the Galway Races.Irish shoppers contributed an additional €68.2m to the grocery market’s overall performance.
The cost of groceries continues to shoot up with consumers increasingly buying items on promotion in a bid to keep a lid on spending.Grocery prices are now rising at close to 6pc, putting a huge stra [+2823 chars]
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