Price cuts will be welcomed by shoppers. And the move was quickly followed by cuts in the price of own-brand milk and butter by Tesco Ireland, sparking hopes of a price war for household staples. The Lidl dairy milk and butter price cuts are coming as grocery prices are set to soar by up to 10pc due to the war in the Middle East. Mr O’Reilly, a senior lecturer in retail management at TU Dublin, said higher oil prices feed into higher grocery prices with a lag of a few months. He said if crude oil prices stay above $100 that will feed into higher grocery prices.

Source: Irish Independent March 26, 2026 12:06 UTC