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Lidl and Aldi Hike Prices in the UK

by Deirdre O Meara
Lidl sign

German discounters Lidl and Aldi have increased prices more sharply than other supermarkets in the UK last month, as food inflation spreads to all areas of grocery. In a report from Which, a consumer magazine, shoppers at Lidl saw their bills rise by 21% last month versus a year earlier and Aldi was close behind with a 20.8% increase. Despite this large price hike, many customers remain loyal to these supermarkets due to their lower prices compared to other supermarkets.

 

The Impact of Food Inflation on Lidl and Aldi
Food inflation is an increase in the average price level of goods and services bought for consumption by households. This affects all groceries, including those sold by Lidl and Aldi, but it affects them differently because they are selling items at a discounted rate when compared to other supermarkets. The cost of goods sold at these discount stores are still increasing due to food inflation but not as much as it is at conventional supermarkets. This means that customers who shop at these stores continue to benefit from lower prices than what is offered elsewhere.

 

The Effects on Customers
Food inflation is an increase in the average price level of goods and services bought for consumption by households. This affects all groceries, including those sold by Lidl and Aldi, but it affects them differently because they are selling items at a discounted rate when compared to other supermarkets. The cost of goods sold at these discount stores are still increasing due to food inflation but not as much as it is at conventional supermarkets. This means that customers who shop at these stores continue to benefit from lower prices than what is offered elsewhere.

 

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