Cost of living crisis: Lidl ‘hikes prices fastest

The pain being inflicted on shoppers shows no sign of slowing with food price inflation hitting its highest level since 1977.

New data from the Office for National Statistics shows food prices have jumped 18.2% in the last 12 months.

You’ll no doubt have noticed the change in prices when doing your weekly shop.

But not all supermarkets are hiking prices at the same rate.

Lidl ‘hiking prices the fastest’

The team at Which? have analysed prices on more than 25,000 products at the eight biggest stores – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose.

One of the most worrying findings to come out of the research was that many everyday staples are among those to have seen the biggest hikes, with some more than doubling in price over the course of the last year.

This highlights just how difficult it can be to keep a lid on costs; when some daily staples are actually rising faster than the overall rate of inflation.

The research also looked at the supermarkets that are hiking prices the fastest.

Prices at Lidl have jumped a whopping 24.4% in the 12 months to end February 2023.

To put that into context, if you were spending £90 a week on groceries last year, the same shop will set you back around £112.