Tesco to reduce prices away Home

This week Tesco Ireland has announced that more than 700 products will see prices reduced as part of a new pricecut campaign.

The retailer said that customers can expect to make savings on a "widerange of Tesco own-brand products and brands bought week-in, week-out" with an average decrease of 10%.

Finance Minister Michael McGrath has hailed the move as a "turning point." It comes as figures released last month show the cost of food rose 13.1% in the year to April 2023. Food inflation was almost double that of the general rise in the Consumer Price Index in the past year of 7.2% according to the Central

Statistics Office (CSO).

Speaking after the announcement, Minister McGrath said, "These reductions are very good news for consumers, and I think will be warmly welcomed. Every-

INSPIRED BY DANNY CASEY

body has seen the significant spike in prices over the last 18 months or so. So, it could be a significant turning point in relation to grocery prices for consumers.