Several supermarkets are reducing the cost of milk in a sign that inflation could be easing.
Aldi, Lidl and Asda have joined rival supermarkets Sainsbury's and Tesco in cutting the price of milk by at least 5p.While the drop will be welcomed by people struggling with higher living costs, milk still costs more than double the average price before Covid.All five supermarkets have confirmed the reductions in price will not affect how much they pay farmers.Asda said that it had taken "swift action to reduce the price of milk as commodity prices have eased".
Milk alone has risen by 43% in price over the same period, one of many staples, including cheese and eggs, which have surged in cost and squeezed household budgets.Four pints: from £1.65 to £1.55 Paul Savage, agriculture director at Arla, said milk supplies in the UK rose by 3.2% in March compared to the same month last year. "When coupled with a decline in dairy consumption and an overall decline in shopping spending, with 75% of people cutting expenditure on food, this is creating a change in the supply and demand of milk," he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asda, Aldi and Lidl make major change at all storesASDA, Aldi and Lidl have made a major change at all of their stores as supermarkets continue to battle it out over prices. The grocery giants have slashed the price of milk hot on the heels of Tesc…
Read more »
What to expect in Aldi and Lidl middle aisles from Thursday, April 13From a rattan garden sofa set to a pressure washer, here are some of the items you'll find in the middle aisles of Aldi and Lidl from Thursday.
Read more »
Lidl and Aldi slash price of milkAldi and Lidl have followed rival supermarkets Sainsbury’s and Tesco in slashing the price of milk.
Read more »
ASDA is making a kind gesture to all staff ahead of the extra May Bank HolidayThe supermarket giant has made a generous pledge to all shop staff ahead of the Bank Holiday on May 8
Read more »
Asda shoppers can get free £5 to spend in store or online - here’s howThe offer runs throughout April until Wednesday, May 3
Read more »
Boohoo launch King’s Coronation range including Union Jack tops from £5Asda and Marks & Spencer have also revealed their Coronation collections ahead of the bank holiday
Read more »