Add a comment

Print

Send to a friend

Bookmark with:

What's this?

Cheap food revolution is over

Family Food Basket up £15 a Week

06-May-2008, Writes Dan Drage dan.drage@consumerchoices.co.uk

Against a backdrop of rising energy prices, credit shortages and a flat housing market, the average weekly shopping bill has taken a turn for the worst.

A family of four in the UK are paying £15 a week more for their staple groceries than this time last year, according to mysupermarket.co.uk.

The findings are based on its price comparisons of certain everyday items at Tesco, Sainsbury's and Asda.

The increases mean that families spending an average of £100 a week on food will be spending £780 a year more at a time.

Johnny Stern, Managing Director of Mysupermarket.co.uk, had the following to say:

‘The conclusion is supermarkets are passing on a sizeable amount of the increased costs. The average customer cares about the products they need to put in their basket every week that they don't have any choice about.’

The increases have been driven by a number of supply problems in key producing countries, mainly caused by bad weather and the increase in the use of land to grow crops for biofuel.

Chris Eagle, Commercial Manager at Credit Choices, has a tip that can save you money on groceries:

‘Save money on your shopping by collecting supermarket loyalty points in conjunction with a supermarket credit card. For example, if you combine Tesco clubcard points with the Tesco Credit Card (www.tescofinance.com), you can earn 5 points for every £4 spent. So for every £80 you spend you earn £1 off at Tesco, effectively reducing the £15 increase by £4 or so.’

Add a comment

Print

Send to a friend

Bookmark with:

What's this?