Supermarket price inflation dips below 1% as €12.2bn spent in year

The big five supermarkets accounted for almost 90% of the €3bn spent in the latest 12 weeks

Spending over the past 52 weeks has amounted to to €12.2bn.

The rate of inflation of groceries at Irish supermarkets has fallen below 1% for the first time since the onset of the Covid pandemic, as the pace of growth of sales slows following a bonanza year. 

Shoppers at supermarkets in the Republic — dominated by the big five of SuperValu, Dunnes, Tesco, Lidl, and Aldi — spent €3bn in the last 12 weeks, according to the latest survey by market researcher Kantar. That brings spending to €12.2bn over the past 52 weeks.