Yahoo Finance Tesco meal deal: How much has the price increased?
Tesco (TSCO.L) has hiked the price of its popular lunchtime "meal deal" as it passes on price rises to customers amid rampant inflation and cost of living crisis.
The UK's biggest supermarket's sandwich, snack and drink deal will jump to more than £3 for the first time in 10 years. That means the price will go up from £3.50 to £3.90 for customers who are not Tesco Clubcard holders.
The supermarket put up the price of its popular lunch choice from £3 to £3.50 for non-Clubcard members in February, but the latest rise marks the first time the meal deal has gone over £3 for all customers, rising to £3.40 for Clubcard holders.
In July, fast food chain McDonald's (MCD) raised the price of its 99p cheeseburger to £1.19 for the first time in more than 14 years as it battles growing cost pressures. It said that the price of "menu items impacted most by inflation" would also go up between 10p and 20p.
Read more: McDonald's raises price of 99p cheeseburger as it passes rising costs to customers
UK households have seen the cost of everyday food items surge at the fastest pace since 1980, with the price of bread, diary, meat, and cereal all climbing.
On Wednesday, it was revealed that food inflation was running at an annual rate of 14.6% — the biggest leap in the cost of food on records from the Office for National Statistics since 1989. Meanwhile, UK inflation was running at 10.1% in September.
The cost of food production has soared significantly after Russia's war in Ukraine, which has sparked higher grain, oil and energy prices, as well as weakness in the pound.
Has the price gone up for Tesco Clubcard members?
Clubcard users, who account for 70% of meal deal customers, will see the price of the lunch package go up 40p in line with inflation to £3.40 from £3.
The Tesco Clubcard is a free card that gives customers discounts.
A Tesco spokesman said: "Clubcard members will pay just £3.40 for a main, snack and drink, making our meal deal an ideal way to grab a great value lunch on-the-go.
Read more: Greggs raises the price of its sausage roll again despite strong sales
"And with savings of up to £3 on millions of possible combinations across our stores, including the recent addition of Costa hot drinks, and our ever-popular Christmas sandwiches which join the meal deal for the festive period, we’ve got something for every taste."
What about other supermarkets?
Tesco's competitors, including Sainsbury's (SBRY.L) and Co-op, offer similar meal deals at £3.50 and £4 respectively.
Morrisons charges £3.50 for its for its food to go range, which consists of one main, one snack and one drink.
While Asda shoppers can't buy a specific meal deal, the grocer offers a "three items for the price of two" deal where customers purchase the two most expensive items and get the third free. Since September Britain's third largest supermarket has been trialing a new three for £3 deal in some of its stores.
Read more: UK inflation back to double-digits as price rises hit 10.1%
Amazon Fresh (AMZN), which has 17 till-less stores in London, offers a "food for now" meal deal. However, the offer is slightly different from other stores as it does not charge one set price, instead customers pay for their main item, costing around £2 to £5, then add an extra £1 for a side and drink.
Bakery chain Greggs (GRG.L) announced it would hike up the price of it famed sausage roll for the second time, going from £1.05 at the start of the year to £1.15 earlier this month.
