Oct 23 2007

Supermarket Prices Go Up 12%

Published by sholto at 8:51 am under Cashflow

Mysupermarket.com reports that prices for a basket of 25 goods has risen by an average of 12% over the past year which equates to an extra £750 extra per year for the average household.

Debtbusting solution? Buy less, buy with more frequency, and buy more carefully.

A visit to the supermarket and a scan of the trolleys around you reveals an inordinate amount of poor quality food being bought and also in large quantities by the average household. If these same people were to eat less then bills would go down. It is not a question of requiring supermarkets to reduce prices as typically they squeeze farmers and suppliers rather than themselves; it is a matter of us the consumer eating and buying less. With the UK the most obese nation in Europe, that can only be a good thing.

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