Annual grocery price inflation drops to 3.7%

Take-home grocery sales increased by 4.5% in the four weeks to March 17 with the total spend reaching €1.1bn. Shoppers spent an additional €47.8m on take-home groceries versus the same time last year due largely to inflation. 

Irish grocery price inflation fell to 3.7% in the 12 weeks to March 17 hitting the lowest levels in two years, new data from market research firm Kantar shows.

This represents a massive drop from the 16% grocery price inflation recorded in March 2023, but it is still above the general rate of inflation. Grocery price inflation in February was running at 4.7%.