"In Ireland, milk and butter prices are determined by a combination of international commodity market and global supply and demand dynamics. Lidl is proud to lead the market by dropping the price of milk and butter, passing savings directly on to shoppers."
"Retail expert Damian O'Reilly stated that families may have to spend up to €700 more a year to feed themselves due to rising grocery prices, which are expected to soar by up to 10%."
Lidl is reducing prices on 15 dairy products, including a two-litre carton of milk to €2.25 and Irish Creamery Butter to €2.99. The retailer is passing approximately €5m in savings to customers. International dairy prices have remained stagnant, and there are concerns about rising grocery inflation due to the war in the Middle East. Lidl's price cuts aim to lead the market while supporting local producers. Retail experts predict that grocery prices may increase significantly in the coming months due to higher oil prices.
Read at Irish Independent
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