Wednesday, 28 October 2026

supermarket prices

Supermarket Prices: Why Your Weekly Shop Still Feels More Expensive

Why does the shop still feel expensive when inflation has cooled? Two ways of looking at the same trolley give two different answers — and both are true.

Supermarket Prices: Why Your Weekly Shop Still Feels More Expensive

Why does the shop still feel expensive when inflation has cooled? It is the question asked at checkouts across the country, usually while staring at a total that looks wrong for a basket that looks ordinary. The official figures say food inflation has cooled from its peak. The trolley in front of you says something else. Both, frustratingly, are telling the truth — and the gap between the two is where the whole argument lives.

The way to close that gap is to look at the same shop through two different lenses, and to be honest about what each one shows and what it hides. One lens is the official measure. The other is the trolley itself.

Lens One: The Official Measure


Inflation is a measure of speed, not of level. When food inflation was at its fastest, the price of the weekly shop was climbing steeply month after month. When inflation "falls", it simply means prices are climbing more slowly — the trolley still costs more than it did last year, just not by as much as it did the year before.

For prices themselves to actually fall across the board, the country would need sustained deflation in food, which is rare and rarely good news when it happens. So the honest answer to "when will shopping get cheaper again?" is that, for most staples, it probably will not — not back to where it was. The new prices are, broadly, the prices. What households can hope for is that wages and budgets gradually catch up, and that the sharpest rises stay in the past.

That is a hard truth to absorb when the bill for the same basket of basics has settled at a level that once bought a basket and a half. The official lens is accurate, but it answers a question nobody at the checkout is actually asking. Nobody asks how fast prices are rising. They ask why the total is what it is.

Lens Two: The Trolley


Look at the trolley itself, and a different picture emerges — one made of smaller changes that the official measure smooths over. The first is shrinkflation: the product stays the same price, or even creeps up slightly, while the pack gets smaller. A few fewer biscuits in the packet. A slightly thinner chocolate bar. A washing liquid bottle that looks identical but holds a little less. Individually, each change is small enough to miss. Together, they mean the price per kilo or per litre — the unit price printed in small type on the shelf edge — has risen by more than the sticker suggests. Consumer groups have repeatedly flagged examples, and shoppers have become wise to it: the unit price, dull as it looks, is now the most honest number in the shop.

The second trolley change is the loyalty price divide. Walk down today's aisles and a second pricing system stares back at you: one price for everyone, and a lower one for members. Loyalty prices — scan your card or app at the till to unlock the discount — have spread from a few promotions to a central part of how the big chains compete. Supermarkets argue this rewards their regulars and is funded by better deals with suppliers. Critics argue that the "normal" shelf price has quietly become the penalty price — the one paid by anyone without the app, including some older shoppers and those least comfortable with smartphones. There has been genuine debate about whether the member prices are real savings against a fair standard price, or theatre built on an inflated one. Whatever your view, the practical consequence is simple: shopping without the loyalty scheme of whichever store you are in now costs noticeably more. Many families hold cards for several chains and plan their shop around whichever is cheapest that week.

The third change is in the trolley itself. Own-brand ranges — once the embarrassed budget option — have grown enormously in quality, range and popularity. Retailers have invested in them heavily, from basic value lines to premium own-label ranges that compete directly with the famous brands they sit beside. For shoppers, switching a basket from branded to own-label remains one of the biggest single savings available, and blind taste tests have a long record of suggesting the difference is smaller than the price gap implies. The big brands have responded with promotions, smaller packs and their own loyalty tie-ins, but the direction of travel is clear: the age when a trolley was automatically filled with the famous names is over for a large share of the country.

Behind all three changes sits a chain that starts long before the supermarket. Energy costs hit everything from heating greenhouses to running delivery fleets. Transport and fuel prices feed straight into the cost of moving goods around the country. Harvests — here and in the countries Britain imports from — can be ruined by a wet spring or a dry summer, and the price of the ingredients that do survive rises accordingly. Feed, fertiliser and wages all form part of the chain, and a weaker pound makes everything imported more expensive before it even reaches a port. That chain is also why prices respond slowly and unevenly: a fall in global costs takes months to filter into a loaf on a shelf in Manchester, arriving long after the headlines have moved on.

Against that background, households have adapted with a toolkit that is now second nature to many. Meal planning — deciding the week's dinners in advance and shopping to a list — is the classic answer to both waste and impulse spending, and the households who swear by it tend to be evangelical for a reason: it works. Frozen food, once looked down on, has been rediscovered as cheaper, just as nutritious in many cases, and mercifully forgiving when plans change. The yellow-sticker hunt — knowing when your local store reduces the day's fresh food, and timing a visit to match — has become a competitive sport in some neighbourhoods. And traditional markets, discount stores and bulk buying with family members all play their part. These habits cost time as well as attention, which matters for people working long hours. But taken together, they explain why total spending has adapted even while shelf prices stayed stubborn.

The Verdict


So which lens wins? Neither, on its own — and that is the verdict. The official measure is right that the sharp rises are behind us, and wrong if it is read as saying shopping has got cheaper. The trolley is right that the weekly bill still hurts, and wrong if it is read as saying prices are still soaring at their old pace. The truth is a long, uneven settling: prices rising gently rather than sharply, fierce competition between the chains over the headline items everyone compares, and shoppers keeping the habits they learned when things were at their worst.

The weekly shop may never feel cheap again. That is not a counsel of despair; it is a reason to judge the shop by the trolley lens, not the headline. Compare the unit price, not the sticker. Use the loyalty scheme of the store you are actually in. Shop to a list. Those three habits do not bring back the old bill, but they are the difference between a trolley that surprises you at the till and one you saw coming.