Tesco price cuts could mark ‘significant turning point’ for consumers – McGrath

A wave of price cuts announced by Tesco could mark a significant turning point for consumers in Ireland, the Minister for Finance has said.

Michael McGrath expressed confidence other retailers will follow suit after Tesco Ireland moved to reduce prices, by an average of 10 per cent, on 700 products. He predicted grocery prices will begin falling across the board after 18 months of soaring inflation.

“These reductions are very good news for consumers, and ...