Aldi says a basket of its goods is cheaper than a year ago as it cuts prices

Supermarket has come under pressure as rivals such as Tesco and Sainsbury’s have promised to match its pricesBusiness live – latest updatesAldi has said the price of a basket of its goods is lower than a year ago despite ongoing grocery inflation, as the discount chain tries to fight back against increasing pressure from rivals’ price-matching schemes.The German-owned budget retailer said a slowdown in growth this year – sales are now rising by just 0.5% compared with 16% last year – was partly down to a decision to cut prices as big chains including Tesco and Sainsbury’s have won back customers by promising to match Aldi on key items. Continue reading...