12 April 2023 , 12:40
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Tesco has cut the price of milk for the first time since May 2020 - and has price locked over 1,000 everyday items.
The price of a four pint of milk has dropped from £1.65 to £1.55, two pints from £1.30 to £1.25 and one pint from 95p to 90p.
Meanwhile, the supermarket’s price lock initiative - which will run until July 5 - includes brands such as Yorkshire Tea, McCain and Cushelle.
You can see some examples of the price locked products below.
The news from Tesco will be welcomed by supermarket shoppers after food inflation hit 18.3% in February.
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Tesco UK Chief Executive, Jason Tarry said: “We know that customers are still having to budget carefully, so we’re pleased to be able to reduce prices where we can, and also give them a little extra help by locking the prices of more than a thousand everyday products.
“Milk is a key everyday staple for so many families. We’ve seen some cost price deflation for milk across the market in recent times, and we want to take this opportunity to pass that reduction on to customers.
“This will not affect the price we pay our farmers. Our Tesco Sustainable Dairy Group was set up to ensure that farmers across the UK get a fair, independently-set price for the milk they produce for us.
“Our model gives farmers security when the market price for milk falls below the cost of production and reflects our long-standing commitment to our farmers.
“Whether you’re buying a branded favourite covered by our price lock, stocking the cupboards with essentials from Aldi Price Match, or treating yourself to an exclusive deal with Clubcard Prices – you can be confident of finding great value at Tesco.”
Examples of Tesco price locked items
- Yorkshire Tea, 40 bags - £1.50
- McCain Naked Oven Chips, 900g - £1.95
- Cushelle Toilet Tissue, 9 rolls - £5.60
- Oykos Strawberry Greek Style Yoghurt, 4x110g - £2
- Shredded Wheat, 30 pack - £3.20
- Kenco Smooth Instant Coffee, 200g - £6
- Tesco Quadruple Strength Orange Squash, No Added Sugar 1.5 Litre - £1.80
- Hartley’s Strawberry Jelly, 135g - 95p
- Homepride Self-raising Flour, 1kg - £1.65
- Aquafresh Fresh & Minty toothpaste, 75ml - 80p