Cost of living: Price of some branded snack foods more than double
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Supermarket prices for some branded snack foods have more than doubled in the last year, as the rising cost of living has squeezed household budgets, a leading consumer group has said.
Which? found one particular item – a six-pack of Mr Kipling Chocolate Slices – rose by 129% at Tesco, the single largest price increase year on year.
The average cost of the pack went up by £1.50 in the 12 months to July 2023.
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Six of the same brand’s bakewell slices at Sainsbury’s came in at £2.75, up by 99%.
The heftiest price hike at Asda was on a kilo of Lancashire Farm Natural Yogurt and the same brand’s fat free option which rose 80% from £1 to £1.80.
At Morrisons, packs of Pilgrims Choice cheeses went up more than 75% to £2.11.
To help struggling shoppers, Which? is calling on major retailers to make sure they stock budget range alternatives in smaller stores and has said it will monitor their progress.
The consumer group analysed the prices of almost 26,000 food and drink products for its food inflation tracker at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose – to see how individual product prices are being affected.
Overall, supermarket food inflation fell by more than 1.5% for the month to the end of June.
It isn’t all bad news, though, as some products, like milk and butter have seen price cuts in recent months.
But, in both cases, prices are still significantly higher compared to what shoppers were paying before the cost of living crisis began.
Sue Davies, Which? Head of Food Policy, said: “The scale of price hikes to some branded products at the supermarket over the last 12 months is barely believable and highlights the huge pressure faced by shoppers, especially families and those on low incomes.
“With food prices expected to remain high for the rest of the year, Which? is calling on supermarkets to ensure expensive convenience stores are stocked with a range of budget items that support a healthy diet.”
