Top 5 Cheapest Supermarkets in the UK Today Knowinsiders.com
Top 5 Cheapest Supermarkets in the UK Today Knowinsiders.com
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When it comes to discount retailers, are you team Lidl or team Aldi? Either way, both supermarkets are renowned for their excellent bargains and value for money. That said, it was actually Aldi that was crowned the cheapest UK supermarket in July, according to the monthly analysis by Which?.

Consumer group "Which?" conducted its 'cheapest supermarket price comparison' and looked at the cost of a basket of 47 items, including groceries and household essentials. Bargain retailer Aldi was crowned the cheapest supermarket in the UK, beating the likes of Lidl, Tesco, Morrisons and Asda.

"Which?" compared prices for 50 grocery and household items to see who came out on top. Aldi’s basket came in at £74.23 - which is £16.91 cheaper than Morrisons and £12.54 cheaper than Tesco.

Here are the top 5 cheapest supermarkets in the UK today.

What are the cheapest supermarkets in the United Kingdom Today?

1. Aldi

Photo: BBC
Photo: BBC

It has been said that if a frog jumps into a pot of hot water it will quickly leap out but, if it is a cold pot that is slowly heated, you could well end up with a cooked frog.

It is the same principle with our grocery bills. They can increase a little at a time for a while, and we barely notice – just a few cents on the milk, a dollar or two on that roast – until suddenly, we feel the searing heat.

Cauliflowers soared to as much as $8 after the east coast floods, and staples such as Arnotts biscuits (up 5 per cent to 10 per cent) and predictions for a 10 per cent to 20 per cent rise in the price of SPC baked beans and spaghetti, added to the pain.

Even in February, before the latest round of price rises, a year-on-year comparison of Coles and Woolworths websites by grocery price comparison website Frugl Grocery showed an average increase of 2.6 per cent, with some products such as instant coffee and soft drinks soaring between 50 per cent and 90 per cent.

Food is the second-largest household bill after either a mortgage or rent, so even a 4-5 per cent increase can cost up to $500 extra per year. And with mortgage payments now rising significantly, too, it is going to be more important than ever to save a few bucks where you can at the supermarket.

Aldi has commissioned new YouGov research, which found that groceries (51 per cent) and petrol (59 per cent) were the top two categories of cost of living concerns for Australians. Almost 40 per cent of those surveyed intend to reduce their food spend this year.

Aldi’s 2022 Price Report, released yesterday and based on data analysis by PricewaterhouseCoopers, found that an Aldi grocery basket is generally 15 per cent cheaper than a basket of the cheapest comparable products at its major competitors. That could result in a $1555 annual saving based on a weekly grocery bill of $192.

The biggest price gaps on grocery items are on chilled food (20 per cent) and meat (18 per cent).

Compared to name brands at its competitors, Aldi’s report says its basket is up to 25 per cent cheaper, which would be a $2468 annual saving.

The results are not far off a range of other comparisons: Consumer advocate Choice has repeatedly found Aldi to be 7-10 per cent cheaper than the Coles and Woolworths.

That pretty much sums up the price pitch of the three big supermarket chains: Aldi says it is cheaper in general, while Coles and Woolies say they have more discounts and specials. It is why my number-one tip is to shop at more than one outlet.

2. Asda

Photo: Asda Corporate
Photo: Asda Corporate

Asda Stores Ltd. is a British supermarket chain. It is headquartered in Leeds, England. The company was founded in 1949 when the Asquith family merged their retail business with the Associated Dairies company of Yorkshire. It expanded into Southern England during the 1970s and 1980s, and acquired Allied Carpets, 61 large Gateway Supermarkets and other businesses, such as MFI Group. It sold these acquisitions during the 1990s to concentrate on the supermarkets. It was listed on the London Stock Exchange until 1999 when it was acquired by Walmart for £6.7 billion. Asda was the second-largest supermarket chain in the United Kingdom between 2003 and 2014 by market share, at which point it fell into third place.

Asda has been crowned the UK’s lowest-priced major supermarket for the 25th consecutive year by trade bible The Grocer in its annual ‘Grocer Gold’ industry awards.

The retailer convincingly beat rivals Tesco, Sainsbury’s and Morrisons after winning the Grocer’s weekly price comparison survey 43 out of a possible 50 times during the last 12 months. Asda remains the only retailer to win this pricing award thank to its long heritage of providing shoppers with low prices.

To help customers with the current cost of living crisis, Asda recently announced it is investing £90m to freeze prices on 100 popular products for the rest of the year and by launching a new value range – ‘Just Essentials by Asda’ comprising of 300 budget-friendly products.

Asda also scooped the e-commerce Initiative of the Year, for its ‘Express Delivery’ service which operates from 300 stores and provides the full online range of more than 30,000 products for delivery in as little as an hour.

Mohsin Issa, Asda co-owner, said: “These awards recognise the efforts of thousands of colleagues across the business who are supporting customers during these tough times. We are proud to be recognised once again as the lowest-priced major supermarket and we remain focussed on keeping prices as low as possible for our customers to make their grocery budgets stretch further.

“As well as offering great value, we are also investing in product quality and to make the shopping experience even better for customers in store and also online – where our ‘Express Delivery’ service was recognised as e-commerce initiative of the year.

“We’re also incredibly proud of our Edinburgh Jewel Store Manager, Colette McSorley, who was named as a finalist in the Store Manager of the Year award for her inspiring leadership.”

3. Sainsbury’s

Photo: Sainsbury's
Photo: Sainsbury's

J Sainsbury plc, trading as Sainsbury's, is the second largest chain of supermarkets in the United Kingdom, with a 14.9% share of the supermarket sector.

Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century. In 1995, Tesco became the market leader when it overtook Sainsbury's, which has since been ranked second or third: it was overtaken by Asda from 2003 to 2014, and again in 2019. In 2018, a planned merger with Asda was blocked by the Competition and Markets Authority over concerns of increased prices for consumers.

The holding company, J Sainsbury plc, is split into three divisions: Sainsbury's Supermarkets Ltd (including convenience shops), Sainsbury's Bank, and Argos. As of 2021, the largest overall shareholder is the sovereign wealth fund of Qatar, the Qatar Investment Authority, which holds 14.99% of the company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

As well as developing its own sites, Sainsbury's expanded its convenience portfolio through acquisitions of Bell's Stores, Jackson's Stores, JB Beaumont and SL Shaw Ltd. Sainsbury's initially retained the strong Bells, Jacksons and Beaumont branding. For example, refurbished shops were called Sainsbury's at Bells. These were effectively Sainsbury's Local shops with a revised fascia, retaining some features of the former local chain. Unrefurbished shops retained the original brand and logo, but still offered Sainsbury's own brand products, pricing and some point of sale; however they did not accept Nectar cards. The old websites were also retained with some Sainsbury's branding. However, all of these acquired shops were fully converted to the Sainsbury's Local fascia from 4 May 2007.

In July 2013, chief executive Justin King announced plans to focus on expanding its convenience shops.

4. Tesco

Photo: Getty Images
Photo: Getty Images

Tesco PLC is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. In 2011 it was the third-largest retailer in the world measured by gross revenues and the ninth-largest in the world measured by revenues. It has shops in Ireland, the United Kingdom, the Czech Republic, Hungary and Slovakia. It is the market leader of groceries in the UK (where it has a market share of around 28.4%).

Tesco was founded in 1919 by Jack Cohen as a group of market stalls in Hackney, London. The Tesco name first appeared in 1924, after Cohen purchased a shipment of tea from T. E. Stockwell and combined those three initials with the first two letters of his surname, and the first Tesco shop opened in 1931 in Burnt Oak, Barnet. His business expanded rapidly, and by 1939 he had over 100 Tesco shops across the country.

Tesco has expanded globally since the early 1990s, with operations in 11 other countries in the world. The company pulled out of the US in 2013, but as of 2018 continues to see growth elsewhere. Since the 1960s, Tesco has diversified into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services, telecoms and internet services. In the 1990s Tesco repositioned itself from being a downmarket high-volume low-cost retailer, attempting to attract a range of social groups with its low-cost "Tesco Value" range (launched 1993) and premium "Tesco Finest" range.

Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

The company pulled out of the US in 2013, but as of 2018 continues to see growth elsewhere. Tesco's international expansion strategy has responded to the need to be sensitive to local expectations in other countries by entering into joint ventures with local partners, such as with Charoen Pokphand in Thailand to form Tesco Lotus, and by appointing a very high proportion of local personnel to management positions. It also makes small acquisitions as part of its strategy: for example, in its 2005/2006 financial year it made acquisitions in South Korea; one in Dubai, UAE; one in Poland; and one in Japan. On 7 September 2015, Tesco sold its South Korean business, Homeplus, to MBK Partners and partnered with a Canadian pension fund and Temasek Holdings for the deal.

5. Morrisons

Photo: Getty Images
Photo: Getty Images

Wm Morrison Supermarkets, trading as Morrisons, is the fourth largest supermarket chain in the United Kingdom. As of 2021, the company had 497 supermarkets across England, Wales and Scotland, as well as one in Gibraltar. The company is headquartered in Bradford, West Yorkshire, England.

Founded in 1899 by William Morrison, hence the abbreviation Wm Morrison, it began as an egg and butter stall in Rawson Market, Bradford, England. Until 2004, Morrisons store locations were primarily focused in the North of England, but with the takeover of Safeway in that year, the company's presence increased significantly in the South of England, Wales and Scotland.

As of February 2021, Morrisons employed 110,000 employees, and served around 11 million customers each week.

Morrisons's market share in August 2017 was 10.14%, down 0.86% from 2015—behind Tesco (27.8%), Sainsbury's (15.8%) and Asda (15.3%) but ahead of Aldi (7%).

The company was listed on the London Stock Exchange until it was acquired by Clayton, Dubilier & Rice in October 2021.

Following the failure of the supermarket's M Local stores, Morrisons returned to the convenience market in 2016 with a new chain of five trial forecourt stores under the Morrisons Daily brand in partnership with Motor Fuel Group. Soon after in 2017, this trial ended with the stores closed and a new partnership was formed with Rontec to open 40 stores across the company's forecourts.

In 2019, Morrisons Daily stores operated by MPK Garages and Essar began to trade under a similar deal.

In 2018, Morrisons agreed on a franchise and wholesale supply deal with SandpiperCI to operate 43 Morrisons Daily convenience stores in the Channel Islands, which were previously operated under the Nisa brand. By 2022, SandpiperCI had converted 19 of their stores in the Channel Islands to the Morrisons Daily format, including the former Benest's of Millbrook store at Lisbon House.

A partnership agreement in 2021 saw Morrisons and McColl's committing to the conversion of 300 existing McColl's convenience stores into Morrisons Daily stores over the next three years, following a successful trial of 30 conversions in the months prior. This extension is of a deal, first struck in 2017, which sees Morrisons acting as McColl's sole supplier until at least 2027, with the supermarket currently supplying over 1,200 of their stores.

Morrisons revived the Safeway brand in 2016 for use in stores of its wholesale customers and in Morrisons Daily stores, along with two MPK Garages forecourt stores which operate with Safeway Daily branding.

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