A grocery basket of 35 items costs just £84.83 in February 2016. According to a recently released report from mySupermarket.co.uk, the grocery prices in UK are at a record low. The prices have dropped up to 14 percent for many items since last year. The prices for Mushrooms and broccoli dropped more than 13 percent when compared to the same period previous year. While cost of onions, bananas and cucumbers went down by more than 10 per cent.
mySupermarket.co.uk says that this is the lowest price recorded ever since the mySupermarket Groceries Tracker was launched in late 2014. Kim Ludlow, MD of mySupermarket.co.uk said: “This is great news for shoppers. We were delighted to see some items were down more than 10 per cent compared to this time last year, equating to some impressive savings. However, as always, we warn shoppers to be vigilant. The increased competition means each retailer will pull out all the stops to get you into their store. Prices will change regularly and it’s important to compare your entire basket before you shop to ensure you are getting the absolute best price every time.”
The Groceries Tracker identifies that the prices for onions and carrots were 6 percent less than what it was in the previous month. The analysis also revealed that it was the first time that the price of 35 bag item went down the £85 mark. When compared to a year ago, the same basket of goods in February 2015 was 4 per cent lower, a saving of £3.76 per shop. The market analysis shows the gravity of the supermarket price war in UK prevailing between the grocery chains. mySupermarket’s Groceries Tracker monitors the cost of the same 35 most commonly bought grocery products on a monthly basis.