Britons turn to stores’ bargain ranges as grocery price inflation stays above 17%
by Sarah Butler from Economics | The Guardian on (#6B4FM)
Cost of living squeeze continues, led by price rises for eggs, milk and cheese, say analysts Kantar
Shoppers increasingly turned to supermarkets' cheapest own-label products as grocery inflation remained above 17% over the past month, keeping the pressure on already strained household finances.
Sales of the very cheapest value own-label lines jumped 46% in the four weeks to 16 April, compared with a year earlier, dropping in to nearly one in five baskets as consumers sought to make savings.
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