Record inflation could see households face extra €1,159 annual shopping bill

The sale of groceries rose by 6.8% over the 12-week period up until January 23, leading shoppers to spend an accumulated €211.8m on their food shop alone.

Irish grocery price inflation has soared to a new record of 16.3%, with shops seeing a 10.4% increase in supermarket’s own brand products as consumers re-evaluate their shopping habits in order to save money.

The surge in inflation means households could now face an extra €1,159 on their annual shopping bills.