Tuesday, October 14, 2008
LONDON: German-owned low-cost supermarket chain Aldi has achieved its best ever share of the UK grocery market as budget-focussed groups continue to outpace rivals in the consumer downturn, a survey showed on Tuesday.
Aldi's sales rose by 22.1 percent in the 12 weeks to Oct 5, boosting its share of the market to a record 3 percent, researcher TNS Worldpanel said.
Of the country's four biggest supermarket chains, Morrison and Asda had sales growth of 9.6 percent and 9 percent respectively, outpacing market leader Tesco , which had growth of 5.5 percent.
TNS Worldpanel said food price inflation was 9.3 percent during the 12-week period, adding that the rate had now peaked and was expected to fall towards the end of the year.
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