Published: Fri, June 30, 2017
Economy | By Melissa Porter

Inflation adds £133 to average household shopping bill as supermarket sales soar

Inflation adds £133 to average household shopping bill as supermarket sales soar

The figures, covering the 12 weeks ending 18 June, represented the strongest growth for the industry since March 2012.

The outcome reflected weak sales growth in the same period a year ago and grocery inflation of 3.2 percent, up from 2.9 percent in May's data.

Tesco successfully cashed in on these market factors seeing a 3.5 per cent rise in sales attracting 369,000 extra shoppers, while Morrisons edged ahead seeing a 3.7 per cent growth in sales. He said the warm weather was likely to fuel further sales growth.

In terms of the performance of the UK's largest grocers, Morrisons posted the strongest growth of the Big Four, with a 3.7% rise to put it on 10.6% market share.

"At this rate, that's an extra 133 pounds ($169) on the average household's annual shopping bill, or the equivalent of seven additional shopping trips a year", Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said in the statement.

"Butter is nearly 20 per cent more expensive than a year ago while farmed salmon supply issues have been among the factors contributing to a 14 per cent rise across fresh and tinned fish".

Up-market retailer Waitrose maintained its market share at 5.2% in the 12 weeks ended June 18 and increased sales 5.3% to GBP1.37 billion, Kantar reported. Meanwhile, Sainsbury's impressive growth online and in its Local convenience stores - particularly in London - helped increase sales by 3.1%. (WMT), saw its market share fall to 15.1%, from 15.6%, with sales 2.2% higher at GBP4.03 billion.

Co-op has now seen continuous growth for a full two years, up 2.2% in the latest period alone.

Lidl pipped Aldi to the title of the UK's fastest growing supermarket for the first time since March, with sales growth of 18.8% just ahead of its rival's 18.7%.

Sales in United Kingdom supermarkets rose at their fastest annual rate in almost four years in June, thanks to the effects of the early summer weather, according to a new report.

Food prices have been on the rise since the start of the year, with the weakness in the pound following the European Union referendum raising the cost of imported food.

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