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Tesco raises meal deal price as food costs soar | Tesco raises meal deal price as food costs soar |
(32 minutes later) | |
Tesco has raised the price of its meal deal as food costs soar. | Tesco has raised the price of its meal deal as food costs soar. |
The sandwich, snack and drink deal will jump to more than £3 for the first time in 10 years to £3.40 for Tesco Clubcard members, and from £3.50 to £3.90 for people who do not have one. | |
Food prices are rising at their fastest rate in 42 years, squeezing household budgets and driving grocery inflation to 14.6% in the 12 months to September. | Food prices are rising at their fastest rate in 42 years, squeezing household budgets and driving grocery inflation to 14.6% in the 12 months to September. |
Tesco said its meal deal still represented "great value". | Tesco said its meal deal still represented "great value". |
The supermarket said more than 70% of its customers currently use a Clubcard, which is a free card that gives customers discounts. | |
In February, Tesco upped the price of its meal deal from £3 to £3.50 for non-Clubcard members, but the latest rise marks the first time the popular lunch choice has gone over £3 for all customers. | |
Tesco's competitors, such as Sainsbury's and Co-op, offer similar meal deals at £3.50 and £4 respectively. Boots alsoincreased the price of its meal deal for the second time this year., the Daily Mirror reported. | |
The high street pharmacy chain has increased the standard price of its meal deal from £3.59 to £3.99, and from £4.19 to £4.99 in London. | |
Companies are facing increased costs for things like fuel, wages and ingredients, and many firms are now passing those onto customers by raising prices. | Companies are facing increased costs for things like fuel, wages and ingredients, and many firms are now passing those onto customers by raising prices. |
In July, McDonald's put up the price of its cheeseburger for the first time in more than 14 years, from 99p to £1.19, due to growing cost pressures. | In July, McDonald's put up the price of its cheeseburger for the first time in more than 14 years, from 99p to £1.19, due to growing cost pressures. |
The fast food firm said its UK restaurants would be adding between 10p and 20p to a number of items. Meanwhile, bakery chain Greggs has warned that its prices could go up for a second time this year. | The fast food firm said its UK restaurants would be adding between 10p and 20p to a number of items. Meanwhile, bakery chain Greggs has warned that its prices could go up for a second time this year. |
Households have seen food costs rise at the fastest rate since 1980 - with bread, cereal, meat and dairy prices all climbing. | Households have seen food costs rise at the fastest rate since 1980 - with bread, cereal, meat and dairy prices all climbing. |
The rise in the price of everyday food items and goods has been been accelerated by the war in Ukraine, which has hit grain, oil and fertiliser supplies. | The rise in the price of everyday food items and goods has been been accelerated by the war in Ukraine, which has hit grain, oil and fertiliser supplies. |
Food and drink prices have also been affected by a fall in the value of the pound, which has made imported products and ingredients from abroad more expensive. | Food and drink prices have also been affected by a fall in the value of the pound, which has made imported products and ingredients from abroad more expensive. |
A BBC survey has uncovered growing concern about the squeeze on finances. Some 85% of those asked are now worried about the rising cost of living, up from 69% in a similar poll in January. | A BBC survey has uncovered growing concern about the squeeze on finances. Some 85% of those asked are now worried about the rising cost of living, up from 69% in a similar poll in January. |
As a result, nine in 10 people are trying to save money by delaying putting the heating on and three in five people in the UK will cut back this Christmas. | As a result, nine in 10 people are trying to save money by delaying putting the heating on and three in five people in the UK will cut back this Christmas. |