Aldi prices dropped in the last year – MoneyMagpie
Food inflation has soared in the last 12 months, with a weekly grocery shop squeezing the purse strings more and more. Food inflation currently stands at a staggering 14.6% – the highest it has been for decades.
It feels like every time we enter the supermarket, prices have shot up even more. But interestingly, despite this, one supermarket’s prices have actually gone down in the last year.
According to Trolley.co.uk, the average prices at Aldi dropped since 2022. Although by just one pence (0.2%), it is still a hugely interesting figure. The grocery price index (GPI), compiled by Trolley.co.uk, highlights changes in popular grocery prices. It’s created by connecting monthly shopper trends with the site’s grocery price database, monitoring the popularity and prices of 51,221 products continuously – averaging 297,099 prices since Jun 2022.
However, the fact prices have fallen by such a miniscule amount at the discount supermarket, whilst prices elsewhere have soared, shows consumers are still combatting huge costs when it comes to their food shop.
The Co-op has seen prices increase on average by 6.7%, with Sainsbury’s following closely behind with increases of 6.5% since June 2022.
Waitrose and Ocado, often seen as high-end supermarkets, saw the lowest increases. Waitrose saw an average price increase of 3.4%, whilst Ocado managed to keep increases low at 0.5%.
Percentage price rises of the UK’s major supermarkets between June 2022 and June 2023 are as below:
- Co-op: 6.7%
- Sainsbury’s: 6.5%
- Iceland: 7.6%
- Morrisons: 5.4%
- Asda: 1.8%
- Tesco: 1.7%
- Waitrose: 3.4%
- Ocado: 0.5%
- Aldi: -0.2%
Which groceries have increased the most in the past year?
Basics such as butter and milk have seen their costs rise on average by 28 pence and 22 pence respectively. Meat and poultry have also seen high increases in the last year, with chicken breasts rising 40 pence and eggs 41 pence.
Despite the notorious lockdown loo-roll shortage being long over, toilet tissue saw a 36 pence increase. Light olive oil saw a staggering increase of £1.28 – an increase of 31.1 per cent.
Which items decreased in the last year?
Traditionally pricier items such as Bourbon and Manuka Honey saw price decreases. On average, Manuka Honey fell in price by 58 pence – a reduction of 2.8 per cent. Bourbon saw a decrease of around 1.9 per cent – around 48 pence.
For those who like a tipple or two, spirits, prosecco, shiraz and cabernet sauvignon all saw a decrease in price since June 2022.