Wednesday 12 October 2022

Tesco launches inflation-busting move before Christmas

Tesco's inflation-busting move will support customers in the run-up to Christmas.

Tesco has announced a fairly beefy new price-lock commitment, freezing the prices of over 1,000 everyday products until 2023, and giving shoppers more ways to spend less and enjoy the festive season more.

The products are all included within Tesco's mammoth Low Everyday Prices campaign, which covers a wide range of products and brands bought week-in, week-out, from cupboard staples and teatime favourites, to household and health & beauty products.

To help customers make their money go further during the Christmas season, Tesco are locking down the price of over 1,000 of these products into the new year.

So whether it’s McCain Home Chips for midweek meals, or a winter pick-me-up with Nescafe Original 3-in-1, Tesco customers can count on Tesco’s price to stay the same until 2023. Which will help them spend less on their shopping and more on friends and family over Christmas 2022.

Lower Everyday Prices is a key feature of Tesco’s commitment to giving customers great value on their shopping. Which goes hand-in-hand with their Aldi Price Match, great value own-brand staples with their Exclusively at Tesco brands and exclusive deals via Clubcard Prices, which together cover over 8,000 products.

And it’s just one of the ways they are helping customers make their money go further this Christmas. Their Clubcard Christmas Savers Scheme offers customers a bonus voucher of up to £12 when they save their Clubcard Vouchers towards their big Christmas shop. 

Whilst their Toy Sale offers savings of up to 50% on kids favourites like Lego and Stickle Bricks, so that families can spread the cost of Christmas.

Tesco UK CEO, Jason Tarry, said: “We know that times are tougher for many customers at the moment, right now, especially as we head into the winter months. 

"We hope this extended price-lock commitment gives our customers the certainty of knowing over 1,000 household favourites will stay at the same great price for months to come. Which will help them with their budget when they need this most.”

As well as helping customers, Tesco are also announcing another big investment in Tesco store colleagues, with their second hourly-pay increase this year, and a doubling of their colleague discount to support them this Christmas.

From 13 November 2022, the basic hourly rate of pay in their stores will increase by a further 20p to £10.30 (or £10.98 in London). This means hourly rates at Tesco will have increased nearly 8% this year – building on what was already a record single-year investment in store pay.

And on top of that, Tesco is also doubling their Colleague Clubcard discount to 20% during the key Christmas shopping period from 13-19 December.

A Tesco spokesperson said: "This is just one part of our comprehensive package of benefits for Tesco colleagues, which also includes a recently enhanced selection of free food and hygiene products in the Colleague Rooms of our stores, so colleagues can access a wider range of breakfast, lunch and snack items for no cost."

You can check out Tesco at www.tesco.com.

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