United Kingdom households face extra £144 on grocery bills as supermarket prices rise

Lloyd Doyle
November 14, 2017

The latest Kantar Worldpanel market share figures have found that Lidl is now the fastest growing United Kingdom supermarket for the fifth consecutive period in a row, with sales rising 15.1%.

Tesco saw sales growth of 2.3 per cent as its market share dipped to 28.0 per cent, down 0.2 percentage points on a year ago.

Tesco welcomed 76 per cent of British households during the past 12 weeks, growing sales by 2.3 per cent as its market share dipped to 28 per cent, down 0.2 percentage points on last year, while Morrisons saw sales increase by 2.1 per cent accompanied by a marginal fall in share from 10.5 per cent last year to 10.4 per cent during the latest quarter.

"Brands were the fastest-selling products at Sainsbury's during the past 12 weeks - particularly in soft drinks and dairy - flying in the face of the market's focus on own-label lines", Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explained in the statement, adding that the supermarket's strongest growth had come from both its Local convenience stores and online sales.

"Like-for-like grocery inflation now stands at 3.4 per cent, its highest level since November 2013". McKevitt said: "Consumers have already been digging deep in preparation for the holiday season, buying 10.1 million packs of traditional Christmas biscuits in October alone".

Aldi's sales in the 12 weeks grew 13% to 1.75 billion pounds ($2.29 billion), while Lidl's sales rose 15% to GBP1.34 billion.

Other supermarkets such as the Co-op posted 1.5% growth, Waitrose 2.3%, Ocado Group PLC 6.8%, and Iceland 1.1%.

J Sainsbury (LON:SBRY) was the fastest-growing "Big Four" supermarket in the run-up to Christmas, the latest Kantar numbers have shown.

Elsewhere in the Big 4 Asda enjoyed its eighth period of sales growth jumping 1.5 per cent driven by an 88 per cent sales boost in its budget Farm Stores range. The grocer's market share has grown 0.5 percentage points to 5.1 per cent.

Meanwhile its bigger rival Tesco was hot on its heels with sales growth of 2.3 per cent, amid news that its forthcoming merger with the UK's largest supplier Booker has been given the green light.

Sales on spirits may be soaring, but McKevitt said we're garuanteed to see another surge ahead of the Christmas period.

Tesco PLC (TSCO.LN) maintained its position as the leading grocer in the United Kingdom, according to Kantar, despite a decline to 28% of the market versus 28.2% a year earlier.

Other reports by Iphone Fresh

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