// Tesco has raised prices on more than 1000 items over the past 2 weeks
// It has faced pressure from Aldi & Lidl as well as Big 4 rivals
Tesco has said it has increased the prices of over 1000 products in the past two weeks, as a result of competitive pressure from rivals.
The Big 4 leader raised prices on products such as cheese, chocolate and bananas by an average of 11 per cent, according to PA.
Tesco said it remains competitive when compared with Big 4 rivals Asda, Sainsbury’s and Morrisons.
The price increase is also a result of added pressure on the grocers from German discounters Aldi and Lidl.
While all shops are dealing with price increases, the prices of milk powder, potatoes and pork have all risen much faster than the official inflation figure of two per cent.
“Over recent months, cost pressures have continued to build and impact the market,” Tesco said in a statement.
“For the majority of products that have increased in price over the last three weeks, we still beat or match the cheapest of the Big 4.”
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4 Comments. Leave new
Well that’s bye bye from me to Tesco
I have lived in 2 towns that have only a Tesco store, in other words no competition when Asda moved into a previous Co op store Tesco upped their game revamped the store reduced fuel prices and prices throughout the store. They treat their customers with contempt.
Every little helps but only Tesco profits.
Yep they do no attempt to cut down on polluting unessary package continues to over package using plastics no pressure from this useless govt either
hello all