Jul 19, 2019
Tesco raises prices on 1,000 products
Britain's largest supermarket, Tesco, has increased the price of more than 1,000 products in the past two weeks. The firm raised prices on products including cheese, chocolate and bananas by an average of 11%, according to the Press Association. Tesco says it held off raising prices for as long as it could, and insists it is still competitive when compared to Asda, Sainsbury's and Morrisons. "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.". The Press Association found that a pack of five bananas is now £1, up from 90p, and own-brand pasta rose to 65p from 50p. However, Tesco has also dropped prices on 121 lines during the past three weeks, including some wines and soft drinks.
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