UK annual grocery bills set to rise by £275
The average household’s yearly grocery bill in the United Kingdom is set to rise by £275 thanks to accelerating inflation, according to the latest figures from Worldpanel by Numerator.
Grocery price inflation reached the highest level since January 2024 at 5.2% this month, and with the average household spending £5,283 each year on groceries, this inflation is set to add £275 to this annual bill if shopping habits remain the same.
The figures showed that just under two thirds of households are very concerned about the cost of their grocery shopping.
To deal with rising prices, UK shoppers are adapting their habits, more often purchasing own-label alternatives over branded products and cooking simpler meals to try and save money.
Shopping habits and market shares
Summer has also had its effect on shopping habits, the data showed. Iced coffee sales were up by 81% this month as temperature skyrocketed, and ice cream and sorbet sales climbed by 33%.
Sales of champagne or sparkling wine grew by 9%, and both strawberries and cream sales increased by 28% and 16% respectively as shoppers stocked up for their Wimbledon picnics.
This month saw Lidl reach a record-high market sahre of 8.3%, with Tesco also boosting its market share to 28.3% over the period. Sainsburys’ market share was 15.1%, while Asda, Morrisons, and Aldi recorded market shares of 11.8%, 8.4%, and 10.9% respectively.
Waitrose had a share of 4.4%, with Co-op taking 5.2% of the market and Iceland holding 2.2% of British grocery spending.
The biggest winner over the past 12 weeks was online shopping, with Ocado recording the fastest growth of all British grocery stores over the period with an 11.7% increase in sales.
Online sales now account for 12% of all grocery sales in Britain, and 23% of households made at least one online shopping trip over the past 12 weeks.
