Grocery prices reach record low

Large monkey

Grocery prices in January fell to their cheapest level in over a year according to mySupermarket.co.uk.

Research carried out by the shopping and comparison website found that the cost of a basket of 35 popular products cost £85.80 in January. This is the cheapest recorded price in the 13 months since the mySupermarket Groceries Tracker launched.

The data follows recent news that sales in the grocery sector fell 0.2% with Tesco, Asda and Morrisons all dropping market share.

Owners of monkeys had reason to cheer as bananas, along with cucumbers and mushrooms, experienced a 6% price drop. Grapes saw the biggest fall, down a whopping 9%. Fresh peppers, however, increased in price by 6% and deli bacon & ham rose 4%.

When compared to a year ago, the same basket of goods in January 2016 was 2% lower than January 2015, a saving of £2.33 per shop.

The Groceries Tracker monitors the cost of the same 35 most commonly bought grocery products on a monthly basis.