Tesco UK has announced that it will lock the price of more than a thousand everyday products until 2024.
With consumers still facing a cost-of-living squeeze, the supermarket has unveiled a price lock on a range of popular products until the new year.
It sits alongside recent price cuts to hundreds of products and Tesco price-matching Aldi on hundreds more.
Among the 1,000-plus everyday items to have their price locked as part of the latest round of Low Everyday Prices are Typhoo One Cup teabags, Jacobs’ Cream Crackers and Aquafresh Freshmint Toothpaste, the retailer noted.
Latest Round Of Low Prices
Jason Tarry, CEO, Tesco UK said that the latest round of Low Everyday Prices would help customers manage their household budgets as they go into the Christmas period.
“We know that this has been a year of budgeting carefully for shoppers, with customers wanting to make sure they are getting great value on their shop,” he said. “By locking more than 1,000 prices, our customers know exactly how much they will pay for those items today, at Halloween, at Christmas, and into 2024.”
Savings
The supermarket is also passing on savings to customers wherever it sees opportunities to do so, and is matching more than 600 staple products to Aldi each week.
Since announcing price cuts to 500 lines back in June, Tesco noted that it has continued to cut prices each week since, with hundreds more products now cut in price.
Some of the products to have recently seen their prices cut include Andrex Toilet Tissue (reduced by 9%), Free From white rolls (reduced by 14%) and Pitted black olives (reduced by 8%).
Tarry, added,“Food inflation is still with us, but by cutting prices wherever we can, and by locking others to give customers certainty in their budgets, we are able to provide great value to our shoppers.
"When you combine that with the more than 8,000 Clubcard Prices deals each week, there are thousands of reasons to shop at Tesco.”
Read More: Britain's Tesco Launches New Round Of Price Cuts
News by Reuters, edited by Donna Ahern, Checkout. For more retail stories, click here. Click subscribe to sign up for the Checkout print edition.
