Grocery inflation hits 6.5% with 'additional price increases' ahead due to Iran war

Analysis also reveals that 26% of Irish shoppers now 'describe themselves as financially struggling'

Sales on promotion were down 16% year-on-year which the company said gives shoppers fewer opportunities to manage costs through deals, contributing to smaller basket sizes overall.

Irish grocery price inflation stood at 6.5% over the 12 weeks to March 22, but shoppers “may now face additional price increases in the months ahead” due to the conflict in the Middle East which is expected to drive prices even higher.

According to the latest data from Worldpanel by Numerator, in the four weeks to March 12, take-home grocery sales increased by 5.2% compared to the same period last year.