Sainsbury's Share News (SBRY)

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Second month in a row grocery inflation has seen slight fall 
  
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Grocery inflation still 3rd fastest rate since 2008
  
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Grocery sales up 10.8% in 4 weeks to May 14
  
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King's coronation provided 218 mln stg sales boost
  
 
LONDON, May 23 (Reuters) - British grocery inflation eased slightly for the second month in a row in May but remained 
close to record highs, industry data showed on Tuesday, 
providing little comfort for consumers grappling with a 
cost-of-living crisis. 
Market researcher Kantar said annual grocery inflation was 17.2% in the four weeks to May 14, and while that was down from 
17.3% in its April data set, it was the third fastest rate it 
has recorded since 2008. 
It said UK households now face an additional 833 pounds ($1,051) on their annual shopping bills if they do not change 
their behaviour to cut costs. 
It said prices are rising fastest in products such as eggs and ambient cooking sauces. 
The Kantar data for May provides the most up to date snapshot of UK grocery inflation. 
Official UK data published last month showed overall consumer price inflation fell to 10.1% in March. However, prices 
of food and non-alcoholic drinks were 19.1% higher in March than 
a year earlier, the biggest such rise since August 1977. 
Official data for April will be published on Wednesday. 
The Bank of England said earlier this month it expected overall inflation to fall more slowly than it had hoped, mostly 
due to unexpectedly big and persistent rises in food prices. 
Food retailers have said they expect prices to rise in 2023 overall but with the rate of inflation declining through the 
year. 
Prices for some products that had seen the sharpest rises, such as milk, butter, bread, pasta, vegetable and sunflower oil, 
have started to fall. 
Kantar said the average cost of four pints of milk has come down by 8 pence since last month, but noted prices are still 30 
pence higher than this time last year. 
It again highlighted that consumers are skirting higher prices by choosing more own-label goods, sales of which grew by 
15.2% over the month, almost double that of branded products 
which rose by 8.3%. 
Kantar said overall grocery sales rose 10.8% over the four weeks year-on-year, with sales up 16% during the week of King 
Charles' coronation, with an extra 218 million pounds spent. 
German owned discounters Aldi and Lidl were again the fastest growing grocers, with sales growth of 24.0% and 23.2% 
respectively. 
 
UK grocers' market share and sales growth (%) 
Market share  Market share  % change in 
12 wks to     12 wks to     sales 
May 14 2023   May 15 2022   (yr-on-yr) 
Tesco            27.1          27.4          8.9 
Sainsbury's      14.8          14.8          10.5 
Asda             13.9          13.8          10.6 
Aldi             10.1          9.0           24.0 
Morrisons        8.7           9.5           0.6 
Lidl             7.7           6.9           23.2 
Co-operative     5.7           6.1           2.9 
Waitrose         4.6           4.9           4.8 
Iceland          2.3           2.3           9.1 
Ocado            1.7           1.7           5.6