Apr 13, 2023

Sainsbury's follows Tesco in cutting milk prices

Sainsbury's has followed its rival Tesco in cutting the price of its milk. The supermarket said it was reducing the price of its four-pint own brand bottle to £1.55 on Thursday, after Tesco did the same on Wednesday. The move from Sainsbury's and Tesco comes at a time when food inflation is at its highest level since 1978 and latest figures show that food prices increased 18.2% from February 2022 to February this year. Some analysts have suggested that supermarkets reducing their prices is a possible sign that hikes in the cost of a weekly shop could be starting to ease. As well as the four-pint bottles, Sainsbury's has match Tesco's move in cutting two pints by 5p to £1.25 and a single pint to 90p. Sainsbury's said with "Costs going up, we are working hard to keep prices low, especially on the everyday essentials people buy the most".

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