ASDA are the third largest supermarket group in the UK with 14.3% market share.
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Kantar has announced that UK food price inflation reached 17.1% in the four weeks to 19 February, the highest since their records began in 2008. Grocery prices increased by 8.8% over the previous four weeks and by 8.1% over the 12-week period.
For an average household buying the same average basket of groceries, this means the cost will have increased by £811 (€921) compared with a year ago. Food price inflation has increased four-fold according to Kantar, as grocery price inflation was at 4% in February 2022.
Kantar has also reported that consumers respond to rising food prices by switching from brands to own label grocery products.
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Own label sales grew by 13.2% over the past four weeks, compared to branded products growing by just 4.6%.
Consumers also responded by switching supermarkets. Aldi and Lidl combined increased their market share by 2.4%, with Aldi on a record high of 9.4%. Tesco remains in top place with 27.3% of market share, followed by Sainsbury’s on 15.2% and Asda on 14.3%.
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Kantar has announced that UK food price inflation reached 17.1% in the four weeks to 19 February, the highest since their records began in 2008. Grocery prices increased by 8.8% over the previous four weeks and by 8.1% over the 12-week period.
For an average household buying the same average basket of groceries, this means the cost will have increased by £811 (€921) compared with a year ago. Food price inflation has increased four-fold according to Kantar, as grocery price inflation was at 4% in February 2022.
Kantar has also reported that consumers respond to rising food prices by switching from brands to own label grocery products.
Own label sales grew by 13.2% over the past four weeks, compared to branded products growing by just 4.6%.
Consumers also responded by switching supermarkets. Aldi and Lidl combined increased their market share by 2.4%, with Aldi on a record high of 9.4%. Tesco remains in top place with 27.3% of market share, followed by Sainsbury’s on 15.2% and Asda on 14.3%.
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