Thursday, March 12, 2009

More for your money

A price war between supermarkets in Spain is something we haven't experienced. Apart from the odd 3 for 2 offer, there has been so real sign of competition between the major players.

In England we were used to this kind of battle between Sainsbury's, Asda and Tesco which made shopping around a money saving exercise.

Mercadona and Lidl have already dropped prices on many of their goods and Eroski is launching discounts of up to 40% on some of its products. Now Carrefour has announced that it will cut the cost of 10,000 of its products by a massive 25 per cent.

Hopefully the savings will help offset the damage that the exchange rate has made to our spending power.

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