{"id":30137,"date":"2023-06-22T06:07:01","date_gmt":"2023-06-22T06:07:01","guid":{"rendered":"https:\/\/danielsmarketingblc.com\/CuratedProducts\/?p=30137"},"modified":"2023-06-22T06:07:01","modified_gmt":"2023-06-22T06:07:01","slug":"supermarkets-to-freeze-and-cut-prices-of-grocery-items","status":"publish","type":"post","link":"https:\/\/danielsmarketingblc.com\/CuratedProducts\/2023\/06\/22\/supermarkets-to-freeze-and-cut-prices-of-grocery-items\/","title":{"rendered":"Supermarkets to freeze and cut prices of grocery items"},"content":{"rendered":"

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\n<\/i> Isobel Lawrance<\/small>
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\n<\/i> twenty first Jun 2023<\/small>
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Reading Time:<\/span> 2<\/span> minutes<\/span><\/span><\/p>\n

Excellent news for shoppers: supermarkets freezing and lowering prices<\/span><\/b>\u00a0<\/span><\/p>\n

Major supermarkets have announced they’re freezing the costs of tons of of products and cutting the costs of many more. Morrisons and M&S have each announced this move, specializing in customer favourites in all their stores across the UK.<\/span>\u00a0<\/span><\/p>\n

It\u2019s no secret that food inflation is at a historic high \u2013 19.1% within the 12 months to May 2023 \u2013 and supermarkets easing food cost pressures for purchasers is a move more likely to be welcomed by many. <\/span>\u00a0<\/span><\/p>\n

Morrisons said that it’s cutting the value of 47 products by a median of 25% \u2013 changes which might be seen each in store and online. A number of the products seeing price cuts include tomatoes, pitta breads and beef mince, in addition to staples including cereal and squash.<\/span>\u00a0<\/span><\/p>\n

The chain has reduced the value of many food items in the previous couple of months \u2013 with this move being the sixth round of reductions made this 12 months alone. These cuts are being made alongside an additional 1,000 products, which can remain price-locked until mid-July.\u00a0The cuts might be revamped the space of the subsequent eight weeks. It’s going to cost the supermarket giant a staggering \u00a326 million \u2013 but will mean so much to shoppers.<\/span>\u00a0<\/span><\/p>\n

Upmarket favourite M&S can be helping out cash-strapped shoppers. Over 200 grocery items are being either cut in price or being frozen. Over 70 food shop staples are having their prices slashed for the subsequent 4 weeks, with 150 more items being put right into a price lock until the Autumn. As with Morrisons, beef mince is one among the items seeing a price freeze. <\/span>\u00a0<\/span><\/p>\n

Avocados, Ciabatta rolls and yogurt are also entering price lock \u2013 so your packed lunches are sorted for the foreseeable. Meal time can be sorted, with sausages, corn on the cobs, cheddar cheese and potatoes also being included.<\/span>\u00a0<\/span><\/p>\n

Although these price cuts are a superb sign that food inflation is easing \u2013 it stays high. Inflation is the speed at which prices rise \u2013 so although inflation is slowing, prices aren’t yet dropping. It is because inflation falling means prices are still rising, just at a slower rate. As the results of this, customers are unlikely to see everlasting price drops for some time. <\/span>\u00a0<\/span><\/p>\n

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Which supermarkets would you wish to see reduce food prices \u2013 and which items would you wish to see frozen or slashed in price? Leave your thoughts within the comments!<\/span>\u00a0<\/span><\/p>\n<\/div>\n