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Cost Of Groceries Rises In The UK, Study Finds

Published on Jul 5 2016 11:25 AM in Retail tagged: UK / shopping / Supermarkets / MySupermarket

Cost Of Groceries Rises In The UK, Study Finds

The cost of groceries in the UK has risen for the first time in seven months, according to shopping and comparison website MySupermarket.co.uk.

The research showed that the cost of an average basket of 35 popular goods had risen slightly in price, costing £82.83 in June 2016.

This is the first time that a price difference on total basket cost has been detected since December 2015.

Although it is only a small rise in price, MySupermarket CEO Gilad Simhony has still urged consumers to be mindful of fluctuating prices when shopping.

Simhony said that MySupermarket will be keeping careful track of price changes in light of Britain’s recent vote to exit the EU, and he advises shoppers to do the same.

Simhony said, “There has been much speculation that the prices of fresh produce will rise, and we’re keen to continue helping shoppers find the best prices for their weekly shop.”

Fresh produce such as bananas have seen a rise in price compared to May 2016. A bunch of eight now costs 14% more than it did in the previous month.

Carrots and broccoli have also seen a small hike in price, up 4% and 3%, respectively, since May, while items such as tomatoes, onions and fresh peppers have all decreased in price since May.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Aoife Lawless. To subscribe to ESM: The European Supermarket Magazine, click here.

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