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NEWS: BEANS MEANS 'CREDIT CRUNCH MUNCH' (Source: FDIN)  


Families are stocking up on cheap "credit crunch munch" food as the economic downturn sends grocery bills ever higher.

Market research company IRI says sales of baked beans have increased by 12% over the past year, surpassing annual sales of ?300 million for the first time.

Supermarkets' figures show that shoppers are also buying economy cuts of meat, such as chicken thighs instead of breasts and braising steaks rather than sirloin or fillet.

Sheraz Dar, head of marketing for Branston Baked Beans, said: "Baked beans provide a very cheap source of fibre and protein, so it's not surprising people are turning to them."

Asda says that sales of its budget range of Smart Price beans, which retail for just 20p for a 420g tin, have soared by more than 50% over the past year.

That ?300 million could buy each household in Britain more than 22lbs (10 kilos) - or 23 large cans - of high-quality baked beans. Not quite enough to stock an underground bunker, but plenty to fuel a family if the economy takes on an even greater feeling of wartime austerity.

 
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