Tesco raises price of iconic meal deals as food prices surge amid cost of living crisis

Supermarket giant Tesco has announced that it will be increasing the price of its iconic meal deals.

After charging Clubcard holders £3 per meal deal for more than a decade, the retailer will be upping their prices from October 24.

Clubcard holders will be charged £3.40 per meal deal, and everyone else will have to pay between £3.50 and £3.90 depending on the items they purchase.

The cost of the sandwich, snack and drink deal was originally upped in February this year, going from £3 to £3.50 for non-Clubcard members, but the latest rise marks the first time the popular lunch option has gone over £3 for all customers.

Tesco said the deal still represents “excellent value”, and pointed to the fact that more than 70% of its customers use Clubcards.

It follows news that food prices are rising at their fastest rate in 40 years, leaping by 14.5% in September compared with the same month last year, representing the largest annual rise for 40 years.

Households have seen food costs rise at the fastest rate since 1980 – with bread, cereal, meat and dairy prices all climbing, largely driven by the war in Ukraine.

In July, fast food chain McDonald’s also rose its prices, with the cost of its cheeseburger going from 99p to £1.19 – increasing for the first time in 14 years.

The firm’s chief executive for the UK and Ireland, Alistair Macrow, explained that suppliers to McDonald’s and franchisees are “feeling the impact” of rising inflation.