Caitríona Redmond: Will supermarket price reductions go further?

Despite the much-lauded price reductions across all the leading supermarkets on staples such as bread, milk, and butter, the food inflation rate over the past year remains high, at 12.7% annually.

This week Tesco cut the prices of over 700 products in Ireland. Some of the reductions were applied to staples such as oats, while there was a welcome cut to the price of nappies for those with babies and toddlers.

It’s difficult to see how much of an impact the cost of Thai green curry paste dropping from €2.59 to €2.25 will have, for example, but the cumulative effect of all the reductions will surely help with savings at the till for shoppers.