The move comes following yesterday’s announcement from Lidl, confirming it was dropping milk prices for the first time since 2023.
Effective from Sunday, October 12, 500ml of milk will cost 3c less, falling from 75c to 72c. A litre of whole milk at Aldi will cost €1.19 – a 6c drop from the previous price of €1.25.
Two litres of whole milk will cost €2.35, down 10c, while three litres will fall by 16c to €3.39.
The series of price reductions will bring Aldi in line with the cost cuts announced by Lidl on Friday.
Today’s News in 90 Seconds, Saturday October 11
Consumers will also benefit from price cuts for low fat milk, light, skimmed, protein and lactose free milk products.
In a statement, Aldi Ireland said this reduction is “the latest in a range of price cuts” introduced in recent weeks for “household staples” including fruit and vegetables, meat and “lunchbox essentials”.
The retailer has said it will “continue to review the market on a daily basis to ensure it remains the best value retailer on the market.
In its announcement, Lidl also said a wider range of price cuts is on the way for other products.
Aldi committed to continuing its “long-standing strategy of shielding customers as much as possible from cost-of-living challenges”.
Aldi Ireland’s country managing director Niall O’Connor said today’s announcement on milk prices “is part of our ongoing campaign of price cuts on household essentials and is another illustration of our commitment”
“At Aldi, we believe no one should have to choose between affordability, taste, and quality, and we work hard to deliver the best value in the market to our customers – that’s our promise.
“We fully understand the pressures on households and are determined to help their budgets stretch further.
“That is why we continue to lower our prices so that our customers can always be sure that when they shop with Aldi, they can get great quality products at the best price.
“Our focus remains on absorbing costs, protecting consumers, and supporting suppliers”.
Announcements of price reductions from Aldi and Lidl have come after consumers were warned of a price squeeze coming this winter, with food prices the main driver behind the jump.
The national average price of two litres of full-fat milk had risen by 27pc this year, according to Central Statistics Office (CSO) figures, to an average of €2.47.
CSO figures for September show food and drink prices were up 4.7pc in September compared to the same month in 2024.
Grocery price inflation has outpaced the general rate of inflation of late, with figures showing supermarket prices were rising by as much as 6.3pc, while inflation stands at 2pc.