Surprising money saving tip for supermarket shoppers that will change the way you spend your money

Unit pricing is a labelling system that helps you to compare prices of groceries. Here, we take a look at what the labels mean and how they can help you save money

As winter draws near, so does the prospect of increased expenses. From shopping to heating bills, our bank balance inevitably takes a hit as soon as the clocks go back.

However, knowledge is power, and understanding how to read labels can be a crucial tool in managing your spending.

It's not uncommon for larger packs of items to appear more cost-effective, but they can often be pricier when you consider the cost per weight or volume. This is where unit pricing comes into play - a labelling system that allows you to compare grocery prices.

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It presents the cost of various products by weight or volume right there on the product you're considering, making it easier to compare costs regardless of size differences.

Unit price comparisons can be a real money-saver, showing you the cost of different products if they were all sold in the same weight or volume. This makes it simpler to compare prices of similar products packaged in different sizes, usually given by weight (kilo or gram) or volume (litre or milliliter).

Prices may also be listed per item, and comparing these unit prices can help you identify the best value product.

For instance, if you're choosing between three differently sized packs of orange juice, unit pricing can help you determine which one is the most expensive.

So, where can you find these unit prices?

The unit price of a product is typically displayed beneath the total packet price on a shelf-label, or when the item is listed online.

Why is this important?

Unit pricing can assist you in navigating through the myriad of products on supermarket shelves, allowing you to compare prices accurately and select the one that offers the best value for your money. If you notice an issue or discrepancy with pricing in a store, it's recommended to bring it to the attention of a store staff member.

Citizens Advice is also available for contact if you have any concerns. If you have a concern about unit pricing, you can reach out to Citizens Advice at www.citizensadvice.org.uk or call 03454 04 05 06.

For more information on the CMA's work on Unit Pricing, visit: www.bit. ly/CMAunitpricing.