LAST UPDATE | 3 hrs ago

PRICES OF KERRYGOLD butter products have been reduced across SuperValu, Centra and Tesco stores nationwide from today.

Musgrave, which owns both Supervalu and Centra, announced cuts worth up to 9% across the Kerrygold range this morning, which they said will deliver savings of up to 50 cent per pack.

Following the news, Tesco also announced similar price cuts on Kerrygold products.

Under the changes, a number of Kerrygold butter products have been reduced across all three supermarkets, with a pound of butter dropping from €5.49 to €4.99, while their half-pound products have fallen from €3.29 to €2.99.

The reductions apply to both salted and unsalted Kerrygold butter products..

In a statement, Musgrave said it recognised that household budgets remain under pressure and said it is “committed to passing on savings to customers”.

“By working closely with our suppliers, we aim to deliver value where possible,” the retailer said.

A spokesperson for Tesco said that the supermarket ”is committed to giving real value to our customers every time they shop with us.”

The move follows a series of price cuts announced by major supermarkets in recent months, particularly on staple items such as butter, milk and bread.

Last month, Musgrave and Tesco, along with all other major Irish supermarkets, cut prices across its full range of own-brand Irish butter products, with reductions of up to 15%.

Despite these reductions, CSO figures show that butter remains significantly more expensive than a year ago.

According to Central Statistics Office data, the national average price of butter rose by 54 cent per pound in the year to December, while the price of Irish cheddar increased by 68 cent per kilogram.

The average price of a 2-litre carton of full fat milk is also up 6 cents in the span of a year.

Grocery inflation overall remains elevated, with food prices still around 6% higher than a year ago.

Aldi, Lidl and Dunnes Stores have been contacted for comment.