Grocer Price Index: A month of Big Price Drops, yet Tesco prices remain flat
October 31, 2011 Leave a comment
Whilst Tesco’s Big Price Drop may have slashed the prices of 3,000 items before promotions – it has had no impact whatsoever on overall base prices at the retailer.
The latest Grocer Price Index reveals that for the month to 25 October, month-on-month base prices had remained unchanged at Tesco despite the much hyped price-cutting offensive launched on 22 September. Year-on-year prices were actually up 4%, with only Morrisons increasing them more.
That’s not to say there were no price shifts at category level and whether Tesco shoppers forked out more or less on their shopping depended largely on how healthy their shopping habits were. Base prices of alcohol, tobacco and snacks have all risen more than 1% in the latest figures, compiled for The Grocer by Brand View.
Other categories, however, have seen significant price cuts, Tesco reserving its biggest reductions for the fruit and veg aisle, where prices have fallen 2.5%. Tesco has not been the only supermarket to publicise its price credentials. Waitrose launched what it called its “biggest-ever value campaign” earlier this month, hitting TV screens, press and the internet to publicise the message that the supermarket offers “thousands of ways to great value”.
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To read more on this article please go to the grocer.co.uk







