Household grocery bill likely to be €2,000 higher this year than in 2021

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Period of record-breaking inflation appears to have come to an end, but supermarket prices will continue to edge upwards through 2023

“It easily must be at least 25 per cent across the board. What was €80 before now coming in excess of €100 and the rest!”

“It’s easily €40 per week more for two adults,” was the assessment of Kate Ryan. “Way more if you include dog food .” She said she was “definitely buying less extras and treats, and ramping up already significant efforts to not waste anything”.These perspectives chimed with our own research. Last April we priced a basket of 25 commonly bought items across several supermarkets, with the cost coming in at just shy of €85.

Recent figures from retail analyst Kantar point to a 15 per cent increase in the price of groceries across the board over the past year, the highest rate of inflation ever recorded. He stresses that while the increases might be tempered, they have not gone away. “We’re going to see inflation for the next six to eight months,” he adds, with some marked increases likely in the weeks ahead.

“With price falls unlikely, we will see more people changing their habits and I think we are already seeing more conscious consumerism. In an era of rising prices, people will have to eat more carefully and reduce the level of waste, with more leftovers and batch cooking and people buying less but making more with it,” O’Reilly adds.

 

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