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Pin to quick picksSainsbury's Share News (SBRY)

Share Price Information for Sainsbury's (SBRY)

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Share Price: 277.20
Bid: 279.00
Ask: 279.20
Change: -0.20 (-0.07%)
Spread: 0.20 (0.072%)
Open: 275.80
High: 279.80
Low: 274.80
Prev. Close: 277.40
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UK grocery inflation slows, Aldi and Lidl take more market share

Tue, 12th Sep 2023 08:18

(Sharecast News) - Prices at UK supermarkets rose at their slowest pace in a year last month, but that wasn't enough to stop the vast majority of shoppers worrying about the cost of their shopping.

Annual grocery price inflation fell to 12.2% in the four weeks to 3 September, according to data out on Tuesday from Kantar, down from 12.7% the previous four weeks.

This marked the sixth consecutive drop in price growth and the lowest level in 12 months.

However, "12.2% won't be a number to celebrate for many households", said Kantar's head of retail and consumer insight Fraser McKevitt.

"Our data shows that 95% of consumers are still worried about the impact of rising grocery prices, matched only by their concern about energy bills. After a full year of double digit grocery inflation, it's no surprise that just under a quarter of the population consider themselves to be struggling financially - although this is a very slight drop compared to May."

The rising cost of living is continuing to be seen in grocery market share data, with discount retailers Aldi and Lidl increasing their share of the market to 10.1% and 7.6%, respectively, from 9.3% and 7.1% the year before.

"We're now marking one year since Aldi became the fourth largest supermarket in Britain and alongside Lidl, it has made some of the biggest market share gains over the past 12 months as consumers continue their hunt for value," McKevitt said.

"We expect this performance to continue as inflation remains stubbornly high, however, growth rates for both the discounters have been slowing in recent months as they annualise against rapid rises last year."

Tesco and Sainsbury still hold 27.2% and 14.8% of the market, respectively, both slightly up from the same period last year, but Asda, Morrisons, Co-op, Waitrose, Iceland and Ocado all saw market-share declines.

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5 Jan 2024 07:53

UK supermarket Asda to price match discounters Aldi and Lidl on hundreds of products

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4 Jan 2024 13:35

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3 Jan 2024 14:55

UK earnings, trading statements calendar - next 7 days

Thursday 4 January 
M&C Saatchi PLCTrading Statement
Mattioli Woods PLCTrading Statement
Next PLCTrading Statement
Videndum PLCTrading Statement
Walker Crips Group PLCHalf Year Results
Friday 5 January 
no events scheduled 
Monday 8 January 
no events scheduled 
Tuesday 9 January 
B&M European Value Retail SATrading Statement
Games Workshop Group PLCHalf Year Results
Wednesday 10 January 
Glenveagh Properties PLCTrading Statement
Greggs PLCTrading Statement
Gym Group PLCTrading Statement
Hunting PLCTrading Statement
J Sainsbury PLCTrading Statement
Nichols PLCTrading Statement
Persimmon PLCTrading Statement
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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LONDON MARKET MIDDAY: Stocks down before Fed minutes and US PMI data

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