Grocery wars to control price growth

Consumers are set to benefit further as tightening competition in the grocery sector is set to keep a lid on rising prices.

Latest figures from consumer insights agency Kantar Worldpanel show that combined year-on-year grocery sales growth dipped by 1.6% — to 3% — in the 12 weeks to January 29, heightening competition among the main players.

“The slowdown in overall market growth has led to even stronger competition between the major supermarkets and it’s right at the top of the market share table — only 0.3 percentage points separate Dunnes Stores, SuperValu and Tesco.