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Shoppers Switching to Budget Supermarket Own Label Products
11/08/2011
It was recently reported that 80% of shoppers have changed their food shopping habits in an attempt to keep the cost of grocery shopping to a management level. This has arisen due to the rising prices, which hit 4.9% in May for all types of food. Many shoppers are opting for supermarket own brands, which are more cost effective, however it has been reported by Which? that 34% of households have cut back on groceries.
Food prices have risen due to the rising level of inflation in the UK and the increase in the price of commodity crops such as wheat and corn.
Homeowners aged over 55 years who are concerned about food prices and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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