Major supermarket hiked prices by more than all rivals in 2022 – and it may surprise you | The Sun
A MAJOR supermarket has raised its prices more than any of its rivals, according to a new report.
Shoppers are facing huge price increases on everyday essentials, with food prices up by 16.4 per cent — the highest in 45 years.
And Morrisons has raised its prices more than any other major supermarket, according to a report by credit agency Moody's.
It said the supermarket giant started raising the cost of products at a "rapid pace" from June onwards.
Discounters Aldi and Lidl also increased prices but at a slower rate than Morrisons, the report said.
But since mid-October, Moody's said Morrisons' pricing began to improve and that its prices are increasing less than the broader market.
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It comes after the retailer announced it was slashing the prices of 130 prices, online and in-store.
And last week, Morrisons announced it was cutting 5p off a litre of fuel.
Which? has also revealed the UK's cheapest supermarket – with Morrisons coming in behind Asda, Sainsbury's and Tesco for a big shop.
The consumer site found that a trolley of 149 goods would cost £377.81, compared with £355.62 from Asda.
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The Sun contacted Morrisons for comment.
How else can I save on my supermarket shop?
Beyond heading to the cheapest supermarket, there are other ways you can cut back on shopping costs.
Some of them could save you hundreds on your yearly food bills too.
Making a list before you head out to do your food shopping is always a good start.
You'll be less likely to make any rash purchases or be enticed in by unwanted offers.
You could try "downshifting" too, which involves going for supermarkets' own brand goods.
This means avoiding "finest" or "luxury" ranges and going for "value" or "essential"-type items.
Martin Lewis says the trick could save you around 30% on your yearly shopping bill.
Some supermarkets run "wonky" veg schemes as well, where you pay less for fresh produce that's misshapen or imperfect.
And the food is perfectly fine to eat.
Lidl, for example, has its Waste Not scheme where you can get a whopping five kilos of fruit and veg for just £1.50.
Checking how much a product costs based on quantity could save you some money.
You might be tempted to opt for a bigger box or packaging because you think you will get more.
But you should always check the price per kg/lb/litre so you're making a like-for-like decision.
A lot of supermarkets run loyalty schemes, where you can build up points to spend on a later shop.
For example, Sainsbury's has its Nectar Card and Tesco has its Clubcard.
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In other news, shoppers have been rushing to buy an Argos air fryer that can fit a whole chicken.
Plus, why you should always look for misspelt eBay listings and other tricks to get items for just 1p.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected]
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