Tesco slashes cost of own-brand pasta and cooking oil
Now Tesco slashes cost of own-brand pasta and cooking oil after cutting price of bread, butter and milk in boon for cash-trapped Britons
- The UK’s biggest supermarket is dropping the price off a whopping 30 products
- Read more: Cost of making sandwiches falls at Tesco, Sainsbury’s, Lidl and Aldi
Tesco has announced another round of price cuts on its own-brand pasta and cooking oil as it sees deflation making its way through to cupboard essentials.
The UK’s biggest supermarket is dropping the price of 30 products, with 15p off 500g and 1kg packs of own-brand pasta, 14p off its one litre vegetable oil and 15p off its one litre sunflower oil.
It follows a number of supermarkets dropping the price of some lines of bread and butter last week in response to falling commodity prices.
Sainsbury’s, the UK’s second-biggest supermarket chain, lowered the price of its own-brand 250g salted and unsalted butter by 5 per cent to £1.89.
It also cut the price of its 800g Soft White Medium, Wholemeal Medium, Wholemeal Thick and Toastie White loaves of bread by 11 per cent to 75p.
A look at some of the price cuts Tesco has announced on its own brand-pasta, cooking oil, white bread, unsalted butter and sunflower and vegetable oil
The UK’s biggest supermarket is dropping the price of 30 products
Tesco also recently cut the price of milk by at least 5p, followed by Aldi, Lidl and Asda.
The cuts come as grocery inflation leapt by more than 19% in March compared with a year ago, as energy and supply chain costs were passed on to shoppers.
READ MORE: Is your weekly shop FINALLY about to get cheaper?
Tesco announced its latest price cuts as Downing Street hosted a ‘Farm to Fork Summit’.
Bringing together farmers’ representatives and food and retail trade bodies along with supermarket chiefs, the summit discussed the Government’s goal of boosting co-operation across the supply chain and the sector’s resilience – and tackling rampant food inflation.
Tesco group chief product officer Ashwin Prasad said: ‘As we see deflation coming through on key cupboard essentials such as pasta and cooking oil, we’re pleased to pass on these savings to customers.
‘We hope that by reducing prices on these 30 products which are bought week-in, week-out, we can help customers spend less.’
Last week, social media users slammed popular brands for downsizing products while maintaining or increasing its price to stealthily boost profit margins or maintain them in the face of rising input costs.
Brits are already battling rising gas, electric, fuel costs and the overall uncertainty of the economy – with the Bank of England raising interest rates by a quarter of a point to 4.5% on Thursday.
The cuts by supermarkets come as grocery inflation leapt by more than 19% in March compared with a year ago [Stock photo]
And in a huge blow to many households, it forecast inflation would stay higher for longer than previously expected and the economy would perform more strongly.
Angry shoppers were fuming on Twitter, and called on manufacturers and companies to be honest with consumers about their deceptive packaging.
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