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Price of groceries drops for the fourth month in a row

 

Our research has found the cost of a basket of 35 popular groceries has dropped for the fourth month in a row, costing £84.36 in March.

It’s the lowest recorded price since the mySupermarket Groceries Tracker was launched in December 2014.

Prices for items such as broccoli, bananas and onions have dropped, with broccoli now more than a third cheaper than it was this time last year.  It also dropped more than 25% in price in the last month alone.

The low prices follow a big month in the grocery sector, with Tesco releasing seven new own brand ranges, Sainsbury’s announcing it has secured the purchase of Argos and the soft drink levy announced by Chancellor George Osborne in the Budget.

mySupermarket Managing Director Kim Ludlow welcomed the price decrease but warned changes across the supermarket sector could create uncertainty for consumers.
“One thing for certain is that you need to ensure you are getting the best possible price for your shop. While prices continue to drop, there are several key products that are rising, or fluctuating month to month. It’s easy to feel overwhelmed by prices and promotions in-store. By comparing prices before you leave and writing a list – and sticking to it – you’ll be much better off.”

The other big price drops came from crisps and squash drink (both down more than 4%) and cucumbers (down more than 3%).

Bananas were more than 8% cheaper than last month and more than 16% cheaper than this time last year.

Items that rose in price included carrots (up more than 5%), deli bacon and ham (up 3%) and mushrooms up 2%.

In March 2015 the same basket cost £87.70.

mySupermarket’s Groceries Tracker monitors the cost of the same 35 most commonly bought grocery products on a monthly basis.

To ensure you get the best value for money on your weekly shop check out our app or visit us online.

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