logo
Tesco, Sainsbury's, Asda prices to skyrocket, experts say

Tesco, Sainsbury's, Asda prices to skyrocket, experts say

The Autonomy Institute think tank said that climate-induced price increases for everyday food items could push almost 1 million people into poverty.
The UK is at particular risk thanks to heatwaves and droughts.
Under a high-emission 'worst-case' scenario, food prices could rise by 34%, the study found.
Just me and mother in the house, neither of us have particularly expensive tastes but I've just been to Tesco's and managed to spend £99 on the weekly shop (£113 before Clubcard prices and vouchers taken off). It's quite scary how expensive things have become now. — Pete Hind (@toonpete85) July 18, 2025
Under a 'best-case' scenario, the cumulative food price inflation could still reach 25% by 2050.
Heatwaves in the UK could cost an average household between £917 and £1,247 by 2050, it added.
It comes after the UK's leading retailers like Tesco, Asda, Sainsbury's and Morrisons have warned over the changing landscape of the retail industry owing to the searing and scorching heatwaves the UK has experienced.
Will Stronge, the chief executive of the Autonomy Institute, said the UK could look at introducing 'buffer stocks'.
'Climateflation is no longer a distant risk; it's a present reality,' Stronge told the Guardian.
Recommended reading:
'We need to build real economic resilience – and that means rethinking what public service provision can and should provide in the face of climate disruption: from delivery of basic essentials to publicly funded diners and a national buffer stock.'
The British Retail Consortium (BRC) said rising fruit and vegetable prices had contributed to a jump in food price inflation in June.
Helen Dickinson, the BRC chief executive, said: 'Retailers have warned of higher prices for consumers since last year's autumn budget and the huge rises to employer national insurance costs and the national living wage.
'We predicted a significant rise in food inflation by the end of this year, and this has been accelerated by geopolitical tensions and impacts of climate change.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lidl launches £19.99 self-cooling dog bed for the summer
Lidl launches £19.99 self-cooling dog bed for the summer

South Wales Guardian

timean hour ago

  • South Wales Guardian

Lidl launches £19.99 self-cooling dog bed for the summer

Keeping your dog cool is very important during a heatwave, as they can get heatstroke without shade and plenty of water. Grooming your dogs can also be useful, as it can remove dead or excess hair, leaving a slightly less dense coat. The RSPCA also recommends giving your pet damp towels to lie on or an ice pack wrapped in a towel. Dogs can get heatstroke in heatwave temperatures, so owners need to look out for their welfare (Image: Getty Images) Lidl are offering a way to help with this, as they will be selling a Reversible Self-Cooling and Warming Dog Bed for £19.99. This will be available to buy in-store from Thursday, August 7, alongside some other pet products. Explaining how the product works, Lidl explained: "One side offers a cooling surface for hot summer days, while the flip side gently reflects the dog's body heat, creating snuggle-worthy warmth for cooler nights. "Available for only £19.99, this clever dog bed provides pups with year-round comfort." Lidl was set up in Germany in 1930 when Josef Schwarz became a partner in a company called Südfrüchte Großhandlung Lidl & Co. This had been established by Anton Lidl since at least 1858 under the name & Cie, specialising in the sale of exotic fruits. Schwarz renamed the company Lidl & Schwarz KG and expanded into a food wholesaler. In 1977, under his son Dieter Schwarz, the Schwarz Group began to focus on discount markets and larger supermarkets. Dieter wasn't keen on using his own name for this, as the name Schwarz-Markt translates to 'black market'. Recommended reading: Lidl shoppers 'can't unsee' hidden animal in supermarket logo - can you spot it? Tesco, Sainsbury's, Asda, Aldi, and Lidl to introduce huge car park changes Tesco, Sainsbury's, Morrisons, Asda prices set to increase by 33%, experts warn He wanted to use the name of his father's former business partner, but legal reasons prevented him from doing so. When he discovered a newspaper article about a painter and retired schoolteacher Ludwig Lidl, he bought the rights to the name from him for 1,000 German marks. From there, the Lidl name was used, and it expanded into many countries over time.

Taste test: We tried the new Tesco birthday cake sandwich
Taste test: We tried the new Tesco birthday cake sandwich

Evening Standard

time2 hours ago

  • Evening Standard

Taste test: We tried the new Tesco birthday cake sandwich

Far be it from me to say that Tesco falls decidedly below M&S on the supermarket scale, but come the f*** on. Having seen the viral success of Marks' strawberry and creme sandwich — a riff on Japanese sandos found in petrol stations and the like across Japan — Tesco has decided to get in on the sweet sandwich game. Only, instead of fresh fruit and like cream, they've gone for sweet strawberry jam and cream cheese icing, studded with hundreds and thousands. And they're calling it 'birthday cake sandwich.' This surely is an answer to a request nobody made — except, perhaps, high-ups in the corporate head office, greedy for a little more income and hoping the M&S effect can be repeated. Bizarrely, it is more expensive than the real fruit sarnie, by 20p.

Cheapest UK supermarket: Lidl beats Aldi, Tesco and Asda
Cheapest UK supermarket: Lidl beats Aldi, Tesco and Asda

Rhyl Journal

time2 hours ago

  • Rhyl Journal

Cheapest UK supermarket: Lidl beats Aldi, Tesco and Asda

Which? found that Lidl had beaten Aldi for the first time since October 2023. The products included Hovis sliced bread, milk and cheese, and the consumer experts checked prices at eight of the UK's biggest supermarkets throughout July. Supermarket average price for 76 items According to the Which? report, Lidl was the cheapest overall, beating rival discounter Aldi by £1.25 if you had a Lidl Plus card, or 85p if not. The third cheapest was Asda, which doesn't offer loyalty pricing in the same way as the others. Tesco without a loyalty card was still cheaper than shopping at Morrisons with one. Sainsbury's was running Nectar price promotions on 15 items, while Tesco had Clubcard prices on 16. Meanwhile, Morrisons had two More scheme discounts on items in our basket, and Lidl had three items on our list with a loyalty discount. Waitrose had no loyalty deals on the shopping list items. It was the most expensive supermarket again this month, averaging £170.91 – that's over £42 (or 33%) more than Lidl. UK inflation rose to a near 18-month high this summer as food prices shot up for the third month running. The Office for National Statistics (ONS) said Consumer Prices Index inflation rose to 3.6% in June, up from 3.4% in May and the highest since January 2024. The increase was unexpected, with most economists forecasting inflation to remain unchanged at 3.4%. Chancellor Rachel Reeves says there's 'more to do' to help bring inflation down. She said: 'I know working people are still struggling with the cost of living.' 'There is more to do and I'm determined we deliver on our Plan for Change to put more money into people's pockets,' she added. Rob Mansfield, Independent Financial Advisor at Rootes Wealth Management, says: 'The cost of living crisis continues to bite. The rise in motor fuels was expected given the war in the Middle East and it shows how vulnerable our island is to events all over the globe. "Most people can't avoid these price rises, so they ask for higher wages, which can in turn drive up prices.' The figures come after gross domestic product (GDP) shrank by 0.1% in May, following a 0.3% fall in April and leading to fears of a contraction overall in the third quarter. Recommended reading: Borrowing costs are set to ease further as the Bank of England contends with stagnant growth and rising unemployment, experts have predicted. Most economists think the Bank's Monetary Policy Committee (MPC) will cut interest rates by 0.25 percentage points to 4% on Thursday. Interest rates have been steadily cut over the past year from a peak of 5.25%.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store