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Aldi: UK food price inflation reached its highest since 1977 in March at over 19%. This official measure slowed to 13.6% in August and while industry data showed it at 12.2% in September, rising food prices remain a major strain on the finances of many households.
Positive results from Aldi's UK operations are a sign that the discounter's further expansion into the British market is progressing well.
Aldi UK said it would increase investments in the period to end-2024 to £1.4 billion ($1.7 billion) as it reported a rise in profit in 2022.
The boss of the UK arm of German discount supermarket Aldi has guaranteed to keep its price advantage over rivals.
Aldi UK has reduced the prices of over 30 household grocery staples, adding to evidence that a surge in UK food inflation is on the wane.