Shoppers here pay 15% more than in N. Ireland
Monday the 6th of March 2006
Consumers can be forgiven for wondering why prices for groceries have not fallen since the Groceries Prices Order was abolished. After all they were bombarded by way of press releases that once the Groceries Prices Order was abolished prices here in the Republic would fall. A recent survey of prices compared grocery prices in Northern Ireland and in the Republic in TESCO stores, so a like for like comparison was available. The report revealed that prices for grocery in the Republic are 15% higher than in N. Ireland. The assertions of spokespersons that prices here are higher because of higher costs are not credible. Corporation Tax, Business Rates and fuel to name just a few are lower here than the UK. Retailers in fashion and footwear have reduced their prices here by over 30% since we joined the Euro. These retailers have the same costs here as UK retailers. The fact is that the change in the supply chain by fashion and footwear Irish retailers sourcing in Euro and avoiding sterling currency exchange costs has not been adopted by either the drinks or food sector. Of course European food retailers Aldi and Lidl have much lower prices than the UK sterling retailers.