Grocery Inflation At Over 15% In The Last Year

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Monday, 9 January 2023 17:21

By Caoimhe Harney

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The festive season also saw a 7% increase in the sales of wine

Grocery inflation over the past year is measured at 15.4%.

It's the highest level ever recorded, and higher than our nearest neighbour - the UK.

Despite Ireland priding itself as being a food producer and exporting large amounts of food - the prices of food here are skyrocketing.

Kantar which carried out a study showing shoppers spend almost €100 more on groceries this December than last.

And the figures show that households bought less products - which exacerbates the inflation problem.

It was the first non-restriction Christmas in three years with shoppers spending €119 million more than previously - with sales hitting record breaking levels.

The festive season also saw a 7% increase in the sales of wine.

Shoppers also spent €828,000 in December on cold and flu medication.

 

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