Shoppers to gain as supermarket war hots up

WITH the cost of living falling at the fastest rate since the middle of the Great Depression, it appears consumers can look forward to even more price cuts as the supermarket price war intensifies.

Inflation figures from the Central Statistics Office show prices fell 3.5% last month from a year earlier – the biggest decline since 1933.

The biggest driver was a nearly 40% annual drop in mortgage interest costs.