As food prices rise, Tesco has increased the cost of its meal deal.
After more than ten years at £3, the sandwich, snack, and drink combo will now cost £3.40 for Tesco Clubcard holders. Individuals without a loyalty card will increase from £3.50 to £3.90.
Grocery inflation reached 14.6% in the 12 months ending in September due to food costs growing at their sharpest rate in 42 years and straining household budgets.
Tesco claimed that its dinner package was still "excellent value."
The grocery store said that more than 70% of its current patrons use Club cards, a free card that offers savings.
Tesco increased the cost of its meal package from £3 to £3.50 for non-Clubcard holders in February, but the most recent increase marks the first time the well-liked lunch option has exceeded £3 for all consumers.
Similar meal offers are offered by Tesco's rivals Sainsbury's and Co-op for £3.50 and £4, respectively. According to the Daily Mirror, Boots also raised the cost of their meal deal for the second time this year.
The nationwide chain of high-street pharmacies has raised the usual price of its meal deal from £3.59 to £3.99, and in London, from £4.19 to £4.99
Many businesses are already raising their prices to reflect the rising expenses of fuel, labor, and supplies they must pay for.
Due to mounting financial strains, McDonald's raised the price of their cheeseburger from 99p to £1.19 in July for the first time in more than 14 years.
The fast-food chain announced that some items would be increased by between 10p and 20p at its UK restaurants. In the meantime, bakery company Greggs has issued a warning that prices may raise a second time this year.
Food prices for households have increased at the quickest rate since 1980, with increases in the cost of bread, cereal, meat, and dairy products.
The crisis in Ukraine, which has disrupted supplies of grain, oil, and fertilizer, has hastened the rise in the price of commonplace food items and goods.
A decline in the value of the pound, which has raised the price of imported goods and ingredients from other countries, has also had an impact on food and beverage prices.
A BBC study revealed rising anxiety about financial pressure. As opposed to 69% in a similar poll conducted in January, over 85% of those surveyed are now concerned about the rising expense of living.
As a result, three in five individuals in the UK will spend less money this Christmas, and nine out of ten people are trying to save money by delaying turning on the heat.