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Aldi and Lidl remain cheapest grocers as price for average basket grows

Published 05/07/2023, 13:28
© Reuters.  Aldi and Lidl remain cheapest grocers as price for average basket grows
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Proactive Investors - Aldi and Lidl charged the smallest amount for a basket of goods in June compared to all other major supermarkets, research from Which? found.

An average shop of 42 everyday groceries from bread to toothpaste would have cost Aldi shoppers £75.25 and Lidl customers £77.18.

A basket from market leaders Tesco PLC (LON:TSCO) and J Sainsbury (OTC:JSAIY) was priced slightly higher at £82.67 and £83.46 respectively.

Compared to last month, the price of a basket of goods in June – albeit with two additional items – rose by an average of £6.

Wm Morrison Supermarkets saw the largest increase of £6.89, followed closely by Aldi and Lidl which jumped by around £6.65.

Tesco customers experienced the softest increase as a basket of its goods jumped by £5.11.

Over the last few months, nearly all supermarket retailers have announced some type of price cut or freeze – Sainsbury’s even slashed milk prices twice.

As murmurs of ‘greedflation’ continue to grow louder, even grabbing the attention of Parliament, management at the leading grocers continue to deny any acts of profiteering.

On Tuesday, Sainsbury’s boss Simon Roberts claimed the retailer was fully focused on battling inflation and said it was seeing food prices beginning to fall.

In a separate issue, a leading regulator found that supermarkets like Asda and Morrisons had kept fuel prices high in order to improve profit margins.

Sainsbury’s said it was charging motorists extra to help keep food prices low.

Read more on Proactive Investors UK

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