Kantar figures suggest cost of living crisis is deepening for consumers via IrishTimesBiz
Own label now holds a higher value share than brands – 47.3 per cent compared to 47 per cent.
She said that while the value of sales was up significantly, grocery price inflation is still the driving factor rather than just increased spending. “Grocery inflation continues to rise and now stands at 16.8 per cent, with the annual grocery bill set to rise by €1,211 if consumers don’t make changes to their shopping habits.”Listen |In the 12 weeks to the middle of March take-home grocery sales increased by 9.
Irish shoppers took advantage of St Patrick’s Day falling on a Friday this year which saw a 10.4 per cent boost to sales in March. With many tuning in to watch Ireland win the rugby Grand Slam at home, Irish supporters also consumed more savoury snacks and soft drinks, with sales hitting €3.5 million and €4.4 million respectively.March also saw shoppers stocking up on Easter essentials, growing an additional 20 per cent on Easter chocolate. Large eggs proved to be most popular, with sales up an 86 per cent year-on-year and shoppers spending an additional €3.
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