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In
the week research showed that food prices at Asda, Tesco
and Sainsbury's increased overall by 5.9% over the last
year, the sector's major players launched a round of
price cuts.
Tesco and Asda announced the move in an attempt to
outflank their rivals and attract customers who have
been looking to cut costs by switching to cheaper
supermarkets.
Over the year price rises pushed food bills for the
average family up by ?1,040, with a basket of 24 common
items such as tea bags and pasta sauce costing 20% more,
according to the MySupermarket Food Inflation Index.
Meat, dairy and wheat-based products are all up, while
garden peas and basmati rice jumped by 90% and 111%
respectively.
Six pints of semi-skimmed milk are now cost 26.1% more,
up from ?1.68 to ?2.12, while a thick white loaf is up
33%, from 54p to 72p.
A dozen medium free range eggs are up 20%, from ?2.15 to
?2.58, while packet of fusilli pasta is up 75.5%, from
45p to 79p.
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