Consumers paying a lot more for basic groceries than a year ago

The microscope has been squarely on the cost of grocery shopping in recent months, with the Government urged to take action and supermarkets announcing a drop in milk and bread.

Supermarkets may be beginning to cut their prices, but consumers are still paying a lot more for some of the basic grocery staples compared to this time last year, new figures show.

The latest Consumer Price Index from the Central Statistics Office shows prices rose 6.1% in the year to June 2023.